Came from my dad, and since he was a camp director in Michigan, it probably got added to as it became a camp favorite:

The horse he ran around
his feet upon the ground
who will wind the clock when I am gone, am gone.
go get the axe, there's a fly on grandpa's neck
the mother chased her son around the flagpole, the flagpole.

She hit him with a shingle
which made his britches tingle
all because he killed his baby brother, no other.
He ran down the lane, his britches full of pain
A boy's best friend is his mother, no other.

The only girl I knew had a face like a horse and buggy
Why'd they build the shore so near the ocean, the ocean.
Hang out the ice to dry... (Sung slowly and ominously)

While peeping through the window
the second story window
I slipped and sprained my eyebrow on the sidewalk, the sidewalk
Mouth open wide, the burglar copped the bank,
She's the darling of my life, Sweet Adelaide, Sweet Adelaide.(Sung slowly,sweetly and with much drama)

Another verse started:
While peeping through the knothole in grandpa's wooden leg
I.....

(These verses were sung in various orders, as someone would remember them)