Rick, here are Lipscomb's words. The source is 'Texas Songster' Arhoolie CD 306 - he said it was the first song that he learnt:

Sugar babe, I'm tired of you
Ain't you honey but the way you do
Sugar babe it's all over now

All I want my baby to do
Is make five dollars and give me two
Sugar babe it's all over now

Went downtown and bought me a rope
Whupped my baby 'til she buzzard lope
Sugar babe it's all over now

Sugar babe what's the matter with you
You don't treat me like you used to do
Sugar babe it's all over now

Went to town and bought me a line
Whupped my baby 'til she changed her mind
Sugar babe, sugar babe, it's all over now

Repeat first stanza