Here's mine from either Indiana or Virginia in the mid 90's, mainly sung by girls, but boys also. we sat in a circle, with our hands interlocking, whoever it landed on was out, and so forth like many others above.

Down by the banks of the hnaky panky
where the bullfrog jump from bank to banky
with an eips aeips, opps oops,
oomph flop a dilly and an om flop flop.