I learned the song in my first grade class.

We would do the first verse with the actions and then round it out with the following jazzed up version ((60's Beetnick style, I think)with the same actions):

In a pad in the forest green
An older man, he was surveyin' the scene

Saw a hairman hoppin' by
A rappin' at his door

Like help, like help me
Or the hunter will exterminate me

Come little hairman
Jump and shout

C'mon and we'll hang out. :)