This song has something of a "Cabaret" quality about it musically, but the lyrics are very touching and seem to capture nostalgia perfectly. It is a unique and brilliant bittersweet song. I never considered Peggy Lee seriously (ignorance) before I heard this.
Such an unusual track with a mix of talking and singing that goes together so well. The backing instrumentation of strings, bango and brass blends together so well with Peggy Lee's vocals. Listen and appreciate how they used to do it.