The only lines I remember (and this may be combining different verses) were

While looking through a knothole, in Father's wooden leg,
O why'd they build the shore so near the ocean, the ocean?
A snake's belt slips 'cause he hasn't any hips,
And a boy's best friend is his mother, his mother.

I haven't come across this song since my 5th grade teacher taught it to us in 1956. he was a new teacher in that school district that year and apparently there were some parental complaints, as he was told to cease the use of songs that were not in the approved textbook.

David Willoughby
dfwilloughby@cox.net