I'm a beginner at guitar, but the chords are at the very least ^semi^ accurate.
For the chords in the instrumental breaks, it's a basic down stroke for 2 measures
on one chord.

Standard Tuning

INTRO: D A G A

D   A
New Favorite
G          A
They all say it
D          A
I'll say it too
G            A   D
You've got a new favorite

A G A

D           A
You won't standby
G            A
Your right hand guy
D            A
Is nothing new
G              A   D
You've got a new favorite

A G A D A G A (A into next line)

           D         G
Why do you lie about love?
D  A        G   A  G-A-D
I saw the light go o-u-t

A G A D A G A D A G A 
(Interlude)

D          A
And should I go
G         A
You won't say so
D       A
I know its true
G      A                D
I know you've got a new favorite
G      A                D
I know you've got a new favorite
A                D
You've got a new favorite

A G A