One of the best versions of Hold 'im Joe I have heard is by The Charmer (Louis Farrakhan). He has an extended section where he sings:

What kind of water? (Hold 'im Joe)
Any old water! (H. i. J.)
Dish water! (...)
Ditch water! (...)
Tap water! (...)

then goes on to name a variety of alcoholic beverages.

This version used to be on the internet but I can't find it any more.