(Updated Mar 2, 2016!)  Because of a comment, I was able to find the remaining words that I could understand!  My words were close but they weren’t accurate.  I was able to find the remaining words on a JAPANESE (!) site.

(Aug 12, 2014)  IMPORTANT:  I have searched and searched the web for lyrics to this song and was unsuccessful.  I have listened to the song repeatedly trying to transcribe the lyrics but have only been partially successful.  If you think you know more lyrics that I have PLEASE add them to the comments and I’ll update the page.  Thank you.

Updated Lyrics:

All my friends call her jailbait you’ll have to agree.
The law says she 14 but she looks 23
I turned sinful and guilty as I talked to her
Right up till she said “relax, we’re alone.
So slip off your boots boy, come share my father’s gin”
I knew right then the child
could guess the state my heart was in.

I’m falling, I’m wide open
And jailbait don’t need no ID
Yes I’m falling, my eyes are wide open
I may break the law but they won’t catch me.

I stayed with her all day thinking I’d leave with the sun
After all, I worked at nights and her homework wasn’t done
But father got home early he’d been fired by the boss
Now ain’t that bad luck
I jumped clean through the window, too late for his attack
I vanished into thin air ’cause she knew I’d be back

I’m falling, I’m wide open
And jailbait don’t need no ID
Yes I’m falling, my eyes are wide open
I  may break the law but they won’t catch me

Original Post ————————————————————–

Gonna prance on the jailbait
you have to agree
The law says she is 14,
She looks 23

I’ve turned simple to guilty
as I talk to her
Right up till she said
The last ?????????

[unk section]???????
I knew right then I was signed???? to a death
the shape my heart was in
I’m ?????????
I’m wide open
and jailbait don’t need no … ??????
?? my eyes are wide open
I may break the law
but they won’t catch me

I’ll stay with her all day
thinking I’ll be with the son???

After all, I worked that night
And her homework wasn’t done

Her father got home early
he had been fired by the boss

Now ain’t that bad luck

I jumped clean through the window
too late for me to chat (?)
I vanished into thin air
and she knew I’d be back
I’m flirtin, I’m wide open,

Jailbait don’t need no ID,
Flir???  My eyes are wide open

You may break the law
but ain’t no one gonna
catch you boy