- Meg Giry: I took a little trip to Coney Island. I took a little trip because of you. I did as mother said, and followed where you lead, and tried to do what little I could do. But, here's the way it works on Coney Island, they make you pay for every little crumb. I gave what they would take, I gave it for your sake. Now look at me and see what I've become. Bathing Beauty, on a beach. Bathing Beauty in her dressing room. Bathing Beauty in the dark, on their laps, in their arms, in their beds.
- Meg Giry: It isn't fair.
- Madame Giry: We need to think.
- Christine Daaé: I need some air.
- Raoul: I need a drink.
- Gustave: [Christine has introduced Gustave to the Phantom, without telling him who he is] Why does he wear a mask, mother? Is he a magician?
- Christine Daaé: Yes, darling. In his way.
- The Phantom: What a child. Full of life. Full of you, my Christine.
- [singing]
- The Phantom: Help me through this sadness/Do this kindness for your mentor/Or your progeny, that perfect specimen/May disappear on Coney Island/Vanish here on Coney Island.
- [speaking]
- The Phantom: Ah, Christine.
- Christine Daaé: What are you saying? How could you? After all that we've been. Who are you?
- The Phantom: I am your Angel of Music! I am dying, Christine! Suffocating here in the dark! Give me breath! Give me life! Sing for me! Or I will take from you everything you have ever loved.
- Christine Daaé: No! No, you can't!
- The Phantom: Oh, but I can. A man as hideous as this, believe me, is capable of anything.
- Christine Daaé: And I loved you. Yes, I loved you! I'd have follow anywhere you lead. I woke to swear my love, but found you gone instead!
- The Phantom: Look at you/Deep in debt/Stinking drunk, pitiful/Shall we two/Make a bet/Devil take the hindmost.
- Raoul: Look at you/Foul as sin/Hideous, horrible/Call the stakes/Deal me in/Devil take the hindmost.
- The Phantom: Our Christine/Shall choose tonight.
- Raoul: Let her choose.
- The Phantom: Is she yours or mine?
- Raoul: Draw the line!
- The Phantom: If she sings/You lose tonight.
- Raoul: I won't lose.
- The Phantom: You leave from here.
- Raoul: Fine.
- The Phantom: Disappear.
- Raoul: Fine! And if she won't?/If I win?
- The Phantom: All your debts/Wiped away.
- Raoul: Very well/Let's begin.
- The Phantom, Raoul: [shaking hands, singing] Devil take the hindmost.
- Meg Giry: Ah, Christine, long ago, how I watched as you rose like a star. Ah, Christine, we have all traveled long traveled far. Ah, Christine!
- The Phantom: I know what Hammerstein is paying you. I will double the amount for just one night's work. Here, in my concert hall.
- Christine Daaé: No.
- The Phantom: Just one night, Christine. One song. That is all I ask.
- Christine Daaé: Why should I? For ten years, you've let me believe you were dead. And now you lure us here and expect me to do your bidding, submit to you again. I won't do it. I owe you nothing.