My friend taught this to me.
[All stand in circle]
[All] Gig-olo, Gig gig-olo
[Someone goes into the middle] My hands up high my feet down low and this is how I gigolo.
[All] My hands up high my feet down low and this is how I gigolo [All people outside circle copies the dance that that someone did in the middle]
[Repeat, and each time you repeat, someone else goes in the middle]