Okay, guess what? I still have a problem. When I click on paste lyrics, I can only paste the last text I "copied" to paste in whatever text app I used before the widget. In other words, if I copied something in text edit to paste, it shows up in the lyric info section of the song. Not the lyrics.
What's up with that?
HELP

Hi MindQuirk,
How to explain. Yes I described "cut and paste" as used in other apps. This widget is "pasting" text from another app.
I play a song in iTunes, open Dashboard and the lyrics are in the widget window. I scroll to the bottom and click on the paste arrow. Then I look in the lyric info window in iTunes and I see the last thing I "cut" from another app. So again, all that shows up is for example, "Shel", from when I cut it to paste in another app. The lyrics are not there. "Shel" will also show up in the widget after I click the paste lyrics arrow. When I click clear lyrics, the lyrics show up again, back and forth.
I can sometimes get the widget to finally paste the lyrics by clicking paste, then clearing lyrics and pasting again or some other combo I can't repeat. Did I described the problem well enough? Thanks in advance

Whoa! I am such an idiot. I was trying to make it harder than it actually was. It works!!!
Sorry about my confusion, but now I see this is the simplest widget I've ever used. Seriously, thank you for helping me.
Wow, life is good again.