The version I remember was from the 60's and it was a tag line to all those goofy songs we sang on the bus going to basketball games.

"And then there's Granny...
Swing in' on the outhouse door,
without her nightie...
We ain't going home no more!

I wish I could explain the tune itself. Goofy song tag, but fun to use and rather "naughty" back in those innocent days of seventh and eighth grades. This was also in Wisconsin by the way.