Hi,
Here's the way my dad (born 1922) sang in in Texas Boy Scouts and what he taught my brother and me as our "bathtub song":

Oh, the horses run around, their feet're on the ground!
Oh, who will wind the clock while I'm away, away?
Go get the Listerine, sister wants a bowl,
Oh, a boy's best friend is his mother, his mother.

I'm a-lookin' through a knothole in father's wooden leg
Why do they build the shore so near the ocean, the ocean?
Go get the axe! There's a hair on baby's chin!
Oh, I wonder if Grandma's teeth will soon fit Jenny, fit Jenny.


My brother and I both sing it to our kids in the bathtub, too!