Eu Tenho um Chapéu de Palha
A straw hat is all the singer can have — leather costs money, but straw he can make himself.
Draft translation The English is a first pass and hasn't been checked yet — corrections welcome.
Coro
Eu tenho um chapéu de palha, de couro não posso terI have a straw hat; a leather one I can't have
De couro custa dinheiro, de palha eu sei fazerLeather costs money; straw I know how to make