The Flaming Lips
Watching the Planets
Embryonic

Basically, the chord progression is the same throughout the song (Dm Gm A Dm), with the exception
of the bridge. Sometimes, they play an A# between the A and Dm, but only occasionally. 
Also, notice how the song has (nearly) the same chord progression as "I Can Be a Frog", another
song from Embryonic that features Karen O.

Chords

Dm (xx0231@1)   Gm (355333@1)   A (x02220@1)   Bbe|--1------3------0-----1------| (x1333x@1)B|--3------3------2-----3------|
G|--2------3------2-----3------|
D|--0------5------2-----3------|
A|---------5------0-----1------|
E|---------3-------------------|

Intro (0:09-0:45)

Dm Gm A Dm
Dm Gm A Dm

Verse 1 (0:46-1:22)

DmOh, (xx0231@1)oh, oh, watching the planets
GmOh, (355333@1)oh, oh, oh, oh
A (x02220@1)         Bb (x1333x@1)                  DmOh, (xx0231@1)oh, oh, watching the planets align
DmOh, (xx0231@1)oh, oh, what is the reason?
GmOh, (355333@1)oh, oh, oh, oh
A (x02220@1)                            DmOh, (xx0231@1)oh, oh, I got no reason to lie

Break 1 (1:23-1:40)

Dm Gm A Dm

Verse 2 (1:41-2:34)

DmYes, (xx0231@1)yes, yes, killing the ego
GmYes, (355333@1)yes, yes, alright
A (x02220@1)                              DmYes, (xx0231@1)yes, yes, killing the ego tonight
DmNo, (xx0231@1)no, no, I got no secrets
GmNo, (355333@1)no, no, no, no
A (x02220@1)                             DmNo, (xx0231@1)no, no, I got no secrets to hide
DmOh, (xx0231@1)oh, oh, oh, oh
GmOh, (355333@1)oh, oh, oh, oh
A (x02220@1)             Bb (x1333x@1)        DmOh, (xx0231@1)oh, oh, oh, oh

Bridge (2:35-3:02)

A (x02220@1)                  BbSee, (x1333x@1)the sun's gonna rise
A (x02220@1)                  BbSee, (x1333x@1)the sun's gonna rise and take your fears away
         Gm (355333@1)                            ALike (x02220@1)the soft tit of the motherbrai-ai-ai-ai-ai-ai-ai-ai-ai-ai-ain

Verse 3 (3:03-3:20)

DmOh, (xx0231@1)oh, oh, finding the answer
GmOh, (355333@1)oh, oh, oh, oh
A (x02220@1)                                   DmFinding (xx0231@1)that there ain't no answer to find

Break 2 (3:21-3:57)

Dm Gm A Dm 
Dm Gm A Dm

Verse 4 (3:57-4:52)

DmOh, (xx0231@1)oh, oh, watching the planets
GmOh, (355333@1)oh, oh, oh, oh
A (x02220@1)                               DmOh, (xx0231@1)oh, oh, watching the planets align
DmOh, (xx0231@1)oh, oh, building a fire
GmOh, (355333@1)oh, oh, oh, oh
A (x02220@1)                             DmOh, (xx0231@1)oh, oh, burning the Bible tonight
DmOh, (xx0231@1)oh, oh, watching the eagle
GmOh, (355333@1)oh, oh, oh, oh
A (x02220@1)                            DmOh, (xx0231@1)oh, oh, watching the eagle fly

Outro (4:53-5:16)

DmOh, (xx0231@1)oh, oh
GmOh, (355333@1)oh, oh, oh, oh
A (x02220@1)                         DmOh, (xx0231@1)oh, oh, oh, oh, oh, oh, oh (the sun's gonna rise)

DmOhhhhhhhhhhh (xx0231@1)