I can make out some of it at the start

Oh way way back when the times were free
We all headed off on a little spree
And we ended up in the Nederlands
Waving shiny new pasports in our hands
At Chepol airport they wished us luck
Myself young Denny(?) O'Guire and the Stud(?)
And we took the train to our destination
Amsterdam Central Station
We got advice on the Flying Dutchman
You're going to see some hairy sights in Amsterdam