I remember a version very similar to the one in Bert's 0/09/04 post as a primary school playground game in the 1950s in North London. It was done by two lines of children, mostly girls, rather than by two individuals, and the boy was alleged to have stolen a long list of items. Eventually the two marry, die, and go to heaven as angels.

The tune was a version of O du lieber Augustin, or Balls to Mr. Banglestein if you prefer.

Valmai