[Verse 1: Elaine Paige]
Midnight, not a sound from the pavement
Has the moon lost her memory?
She is smiling alone
In the lamplight, the withered leaves collect at my feet
And the wind begins to moan
[Verse 2: Elaine Paige]
Memory, all alone in the moonlight
I can smile at the old days
I was beautiful then
I remember the time I knew what happiness was
Let the memory live again
[Bridge 1: Elaine Paige]
Every streetlamp seems to beat
A fatalistic warning
Someone mutters and the streetlamp gutters
And soon
It will be morning
[Verse 3: Elaine Paige]
Daylight
I must wait for the sunrise
I must think of a new life
And I mustn't give in
When the dawn comes, tonight will be a memory too
And a new day will begin
When they say the street lamp ‘gutters’ the mean ‘flickering, to the point of being nearly extinguished’.
I don’t know about Streisand, but guttering is a thing that flames do, and is tonally appropriate in this context.