Here's what I remember:

Down By The Banks Of The Hanky Panky
where the bullfrogs jump from bank to bank
saying eeps ipes opes oops chilly willy ding dong
Michael Jackson went to town
Coca cola him down
Coca cola brought him up
Now he's drinking 7-up
7-up has no caffeine, now we're talking Billie Jean
Billie Jean's momma said 'Do wa diddy, diddy dum, diddy do"
Inky pinky ponky daddy had a donkey
Donkey died, daddy cried
Inky pinky ponk-Y