When I was a kid, my family had a recording of "Drag, the Magic Puffin" - now that I think about it, it may be the first parody I ever heard!

- Trapper

DRAG THE MAGIC PUFFIN
by Marc Field (?)

There once was a puffin just the shape of a muffin
And he lived on an island in the deep blue sea
And he ate little fishes that were most delicious
And he had them for supper and he had them for tea.

Spoken: There was that magic little puffin, but the name of Drag

Now this little puffin, he couldn't play nothin'
For he hadn't anybody to play with at all
So he sat on his isle and he cried for awhile
And he felt very little and he felt very small.

Spoken: Poor Drag. His magic only made him live forever. There he was, all by himself. But one evening, when he went down to fish for his tea-time snack, his problems were solved.

These cute little fishes, they said "If you wishes
You may have us for playmates instead of for tea"
Now they all play together in all kinds of weather
And Drag the magic puffin eats pancakes
Like you and me.

YouTube recording:
http://www.youtube.com/watch?v=Pv1vIgFVQYA