Perhaps off-topic:

Has anybody considered whether there's a connection between the phrase "Chase me Charlie" in that Scottish song and the line & title "You Can't Lose Me A-Cholly", an old dance tune that was performed by Leadbelly?

"Cholly" is a nickname of Charlie. Sometimes the title of that song is given as "You Can't Lose Me Charlie." That said, the lyrics of the two songs are very different.

But for the record, here's a link to Leadbelly singing that song:

http://www.youtube.com/watch?v=z2cosGqxU18
Leadbelly - You can't lose me-a cholly