I learned:

In China town there lived a funny man
His name was Chickaracka Choo Chai Chan
His legs were long and his feet were short
The poor old man could hardly walk

Chickaracka Choo Chai Chan chickanora
Kondynora iddy widdy wim
Oto oto hit him on the boto
Iddy pie, iddy pie, im pim pim!

(Don't ask me what it means .....)