Well, I've always thought the song was "Hey, Li-lee, Li-lee, Li-lee" too and I've seen it spelled that way (or the way GUEST who forgot to add any identifier spelled it) a lot, but when you hear it sung, it's really hard to tell the difference. *g*

I didn't especially connect the song to Woody, but I'm not surprised he sang it.

It really is a good one for impromptu singalong verses.