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Sorry, I don't know of any audio or video recordings of this rhyme. If you find any, please post them here.

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Here's another version of Stella Ola Ola called Quack Dily Oso

quack dily oso
quack quack quack
say sailorico
rico rico rico
flora flora flora
flora flora 1 2 3 4!

Source: http://www.inthe80s.com/rhymes.shtml

Also, here's some directions for Stella Ella Ola:

Sit in a circle with your right hand on top of the person to your right's left hand
and your left hand under the person to your left.
Clap in a circle... the person whose hand gets hit on 5 is "out"
unless they move their hand away quick enough, and then number 4 is out.)
Stella ella ola
Quack quack quack
Say es chigo chigo
Chigo Chigo Cack Chack
Es Chigo Chigo Vallo
Vallo, Vallo vallo vallo
Say 1-2-3-4-5 [Thanks to Janet L.]

Source: http://www.beachnet.com/~jeanettem/chants.html#STELLA


BTW: Based on the Spanish that I had in high school many moons ago, it seems to me that these words point to this rhyme's Spanish origin:

sendorico = "senorita" {young woman}

es chico chico {or "s chica chica"} those words in Spanish-she is a boy or she is a girl

and

vallo vallo [corrupted to flora flora]? meaning?? beats the heck out of me, but it does sound Spanish, doesn't it?