This transcription doesn't make as much sense as some of the others but it is what it sounds like to me

CONEY ISLAND WASHBOARD
(Spinners' version, also recorded by Mills Brothers)

On the Coney Island washboard she would play
Played it on the sidewalks every day
Soapsuds on the ground
Pretty bubbles flying round
Hear a rub-a-dub
In a little tub
Oh what a wonderful sound
Thimbles on her fingers made the noise
Do the Charleston round the washing for the boys
You can rub the dub off all your dreams
Till there's a hole in the seat of your bb jeans*
With the Coney Island washboard roundelay

Single verse repeated with improvisations and instrumental breaks including Tony Davis on kazoo with sink plunger "horn".
*should probably be 'BVD's?
I don't have this among my Mills Brothers recordings, so couldn't compare versions.
RtS