I never realised there were so many different versions or the chant.
I've forgotten the last part but we said...

Eeny meeny, maka raka
rare raa dumaraka
chicka barley lollipop
a red, white or blue?

Then the person being pointed at would choose between red, white or blue and the chant would continue..

e.g
blue=
blue is for sky,sky,sky
blue is for sky, so out goes you!

I think white was for cloud, but I can't remember what red stood for!!

Birmingham England