Another old fiddle tune on Honking Duck: Clayton McMichen and Riley Puckett and Rye Straw (1930).
The origin of these tunes, many with the same simple meter and borrowed lyrics, may remain uncertain but perhaps some can be found in old fiddle compilations and notebooks (comment by Rolfyboy6) both in North America and Europe. Lyrics are going to be what comes to the mind of the caller or singer.
Hog-Eye reminds me of this verse from a song in Odum and Johnson-
I went down to hog-eye town,
Dey sot me down to table;
I et so much dat hog-eye grease,
Till the grease run out my nabel.
Run along home, Miss Hog-eye,
Singing high stepper, Lawd, you shall be free.