I've always heard it "Steve" and "lost his average." I don't remember where I learned it; I think from another kid in my church youth group when I was in high school. But I've also always liked "The Wreck of the Old 99":

Letme tell you the story of Old 99,
The fastest engine on the Santa Fe Line.
One morning she made a desperate dash
And got there on time, and did not crash.

It's a really short song.