The song is broken into four verses, with a bridge between the third and fourth and a chorus sung at the beginning of the song, and after the second and fourth verses.
Musically, it is written in a Jewish klezmer style.
Through the first two verses, Tevye dreams of the material comforts that wealth would bring him. Sung boisterously and comedically, Tevye first considers the enormous house he would buy and the needless luxuries he would fill it with, including a third staircase "leading nowhere, just for show," then the poultry he would buy to fill his yard.
Tevye switches his attention to the luxuries in which he would shower his wife, Golde, in the third verse. He talks of servants to alleviate her workload, fancy clothes for her pleasure, and mountains of food. The song is sung in the same boisterous, comedic style.
The music and vocals intensify during the bridge, when Tevye starts lamenting his place in the community as a lowly milkman, and considers the esteem and importance that wealth would bring him.
In the final verse, Tevye softens as he further considers his devotion to God. He expresses his sorrow that the long working hours he keeps prevents him from spending as much time in the synagogue as he would like, and how wealth would allow him to spend less time working and more time praying and studying the Torah, and finally asking God if "it would spoil a vast eternal plan" if he were wealthy.
A repeated phrase throughout the song, "all day long I'd bidi-bidi-bum," is often misunderstood to refer to Tevye's desire not to have to work. However, in an interview with Terry Gross, Sheldon Harnick said he basically made up syllables that he thought would give the effect of Chassidic chanting. The first person to play Tevye, Zero Mostel, then replaced the syllables Harnick had written with ones that Mostel thought would be more authentic
