A quick trawl of the Net has come up with only one verse. It's the only verse I've ever heard but there must have been others. In fact, it could well have just been the chorus. Quite a number of these old songs had long verses telling improbable stories to rather vague tunes, with punchline-type choruses with great tunes that everyone remembered. E.g. Lily of Laguna, My old man said follow the van, Knocked 'em in the Old Kent Road.

Hold your hand out, you naughty boy!
Hold your hand out, you naughty boy!
Last night in the pale moonlight I saw you! I saw you!
With a nice girl in the park, you were strolling in the dark,
and you told me that you'd never kissed a girl before,
Hold your hand out, you naughty boy!