I'm glad I found this site! I was trying to remember all the words to the chant we used to play with the ball in the nylon. Here is how I remember it (although it took some of the words I found here to put it all together again!)

Hello hello hello sir      
meet you at the show sir
no sir
why sir
'cause I caught a cold sir
Where'd you get your cold sir?
From the North Pole sir,
What were you doing there sir?
Catching Polar Bears sir
how many did you catch sir?
one, sir
two, sir
three, sir
that's enough for me, sir
how about a drink sir,
no, sir
why, Sir
cause I'm gonna die, sir
when you gonna die, sir
middle of July, sir
why, sir
goodbye goodbye goodbye, sir!