Could be I'm not aware of some more obscure method to do this, but basically no, you can't--the "true" audio CD format is VERY basic, and has provisions for essentially NOTHING but audio and tracks. It doesn't even have any way to give track titles, though there was a modification more recently to allow CD Text.
You could, however, use Toast or the like to burn an audio CD with a small data partition that contained... something with the lyrics, I guess.
How are you intending to use these lyrics, anyway?