Alright,
CAPO: 5th Fret
{but I suppose you can chose your own key depending on where you feel most 
comfy singing.  5th fret matches her own key.

Also, when I play the first A-minors of the combo, I pull off and hammer on 
the 4th string.  You can also pull off 1st string on the D, just a thought.

3 beats per measure, like a waltz, if you're interested.

ENJOY!

Am--Am--C--D--Am--Am--C--D--

Verse:
Am (x02210@1)       Am (x02210@1)C (x32010@1)           DNever (xx0232@1)knew why he would fall victim to
Am (x02210@1)        Am (x02210@1)    C (x32010@1)         DFive (xx0232@1)dollar highs - bending his stories
  Am (x02210@1)        Am (x02210@1)   C (x32010@1)        DInventing (xx0232@1)new lies - telling of cancers one
Am (x02210@1)    Am (x02210@1) C (x32010@1)           DWay (xx0232@1)to avoid questions and answers and


Chorus:
C (x32010@1)     G (320003@1)       F (133211@1)            AmKarl (x02210@1)is lucky hes learned how to fly
   C (x32010@1)         G (320003@1)          F (133211@1)          AmBy (x02210@1)keeping his knees on the ground - aye aye
    C (x32010@1)         G (320003@1)     Em (022000@1)          AmThe (x02210@1)most likely one to achieve such a high
    C (x32010@1)     G (320003@1)      [Am--Am--C--D--(X2)]
And Karl is missing tonight

Am (x02210@1)       Am (x02210@1)C (x32010@1)         DWhat (xx0232@1)can I say to his poor father
   Am (x02210@1)        Am (x02210@1)  C (x32010@1)         DHe (xx0232@1)calls every day - looking for clues
          Am (x02210@1)        Am (x02210@1)  C (x32010@1)        DTheres (xx0232@1)no gingerbread trail for him to follow
    Am (x02210@1)       Am (x02210@1)     C (x32010@1)       DThe (xx0232@1)candy mans come and taken his son and

C (x32010@1)       G (320003@1)       F (133211@1)            AmKarl, (x02210@1)hes lucky hes learned how to fly
   C (x32010@1)         G (320003@1)          F (133211@1)          AmBy (x02210@1)keeping his knees on the ground - aye aye
    C (x32010@1)         G (320003@1)           Em (022000@1)           AmHis (x02210@1)face in the dirt, and his friends by his side
    C (x32010@1)     G (320003@1)       C-------
And Karl is missing tonight

Bridge:
C(cont.)               F (133211@1)               CMaybe (x32010@1)Im the one thats wrong - I misunderstood
               G (320003@1)                        AmYou (x02210@1)just wanna die young to come back and feel good
                      F (133211@1)                           CBut (x32010@1)is it worth the exchange? does it keep you from harm?
                G (320003@1)                       Am (x02210@1)        CThe (x32010@1)last time I saw you ~ you clutched my arm and you wept
       GLike (320003@1)a child

[Am--Am--C--D--(X2)]

    C (x32010@1)       G (320003@1)        F (133211@1)            AmAnd (x02210@1)Karl, hes lucky, hes learned how to fly
   C (x32010@1)         G (320003@1)          F (133211@1)          AmBy (x02210@1)keeping his knees on the ground - aye aye
    C (x32010@1)            G (320003@1)           Em (022000@1)       AmHes (x02210@1)learned how to leave without saying goodbye
    C (x32010@1)     G (320003@1)     FAnd (133211@1)Karl is missing tonight
    C (x32010@1)     G (320003@1)         [Am--Am--C--D--(X2)]
And Karl is out of my... life. 

{from previous chord progression} D--    Am--Am--C--D--
                                   Out of my life.

End on Am

The last line is a little wonky, but I trust you all to be creative with it. ;)