This song is basically a plucking of G-F#-C-Em (That little square on your low E and A 
on the 3rd and 2nd frets).  Great song-Not that hard to learn once you get the pattern.  
sure the second chord from above but just strum the chords like he does for the chorus.

First arpeggio
------------------------------------------|
-------------------3----------------------|
----------0-------------0-----------------|
-----------------0-----------0------------|
------2--------------------------2--------|
3-----------------------------------------|
Second
------------------------------------------|
-------------------3----------------------|
----------0-------------0-----------------|
-----------------0-----------0------------|
------0--------------------------0--------|
2-----------------------------------------|
Third
------------------------------------------|
-------------------3------------------3---|
----------0-------------0-----------------|
-----------------0-----------0------------|
------3--------------------------3--------|
------------------------------------------|
Fourth
------------------------------------------|
-------------------3----------------------|
----------0-------------0-----------------|
-----------------0-----------0-------0----|
------2--------------------------2--------|
------------------------------------------|

Bridge: Em-G-C-D (2x)

LYRICS!

Verse 1:
I remember when
You called me your friend.
Then I took your hand
And said I've got a plan

Chorus:
We can blast away
3-2-1
We can take a trip to the sun
Just know if you take my hand
I'll be the happiest man.

Verse 2:
Then there was the time
You looked into my eyes
Couldn't believe just what you said
You said Boy, I wish I could fly

Chorus:

Bridge:
Well take my hand and we can get away
Any way you please
We can get away on a rocket ship or
on a bird's wing

Chorus (2x)