For those like me, who are not familiar with the song, or for those who want to hear the pronunciation of the words you can hear them here reasonably clearly

Without using google translate:

(1)Puff, where kan one find (dragons?) like you

You're lying on an island (of cliffs? (Klippe?))

and wait only for me

You like (li=lide?) to play, you are my friend

but dear puff we will never come to play again

(2)Puff when I was little, I (rode?) on you

I sat on the (back/tail?), big and wide,

you swam with me

All lower/sink the flag(?), greeting [at] you (i.e. saluting?)

We found a treasure with silver and gold

(3)Puff we sat on the beach, the sun went down

and (hav=sea?)turtles (hide/store) their eggs [in a] (homely/safe?) place

the tropical winds blow/(specifically, when wind makes that shshsh noise?), the night becomes black

We both feel we're sitting near happiness' gate

(4)Puff on our trip/travels we saw a castle

Where princes and princesses lived

oh, how great that was

the king and his queen gave me a ring

but the ring was a (troll's?)ring- now it is nothing

(5)Puff you are alone, everything is over

Because dragons live a thousand years

Where is my fantasy

You like to play, you are my friend

But dear puff I won't ever be like a child again.

-

All the stuff in (brackets) are things I wasn't so sure about

Hej! Vi sang "Puff the Magic Dragon" i skole da jeg var barn. Den danske version er mindre kompliceret og passer bedre til små børn, synes jeg, selvom sangen handler altså om narkotika;) Det er altid sjovt med lidt oversættelse:)

1) Puff, where can one find dragons like you

you lie on a rocky island

and wait only for me

You like to play, you are my friend

but dear Puff we will never play again

2) Puff when I was little, I rode on you

I sat on your tail, big and broad

you swam with me

All lowered their flags to salute you

we found a treasure of silver and gold - and shared you and I

3) Puff we sat on the beach, the sun went down

a sea turtle hid its

eggs in a secret place

The tropical wind blew, the night got dark

We both feel we sit by the gate to happiness

4) Puff on our trip we saw a castle

where princes and princesses lived

No how it was great

The king and his queen gave me a ring

but the ring was a magic ring - now there is nothing

5) Puff you are alone, all has past

for dragons live a thousand years

where is my imagination

You like to play you were my friend

but dear Puff I'll never be like a child again :(

Puff, where can one find dragons like you? You lay on the rocks and wait for me alone. You like to play, you are my friend But dear Puff, we come, never to play again.

Puff, when I was young, I rode on you. I sat on your tail, big and broad. You swam with me. All lowered the flag to greet you We found a treasure of silver and gold, and shared it, you and I.

Puff, we sat on the beach, the sun set. A sea turtle stored it's Egg in a hidden place. A tropical wind blows, the night gets dark. We both feel like we are sitting by the gate of happiness.

Puff, on our ride, we saw a castle, Where princes and princesses live Where it was great We saw the king and his queen, and they gave me a ring, But it was a magic ring. Now it is nothing.

Puff, you are alone, all is gone For dragons live a thousand years. Where in my fantasy, You like to play, you are my friend, But, dear Puff, I will never be a child again.

I didn't need to cry today!