You are not thinking of 'Lavender Cowboy' are you? I do not recall a verse with makeup or laddering tights but have heard different verses at different times, quite a few not in the original; it seems it lends itself to adding new verses.
He was only a lavender cowboy;
He had only three hairs on his chest.
He rode on a filly
Called Daffy-down-dilly
The sexiest horse in the West.
It is 0.7967 in the DT.