oh man.
Laura, thats a pretty harsh version of that counting out rhyme.
I knew it as;

'Ip dip dog shit
(I say you're it!)'

but my favorite counting out rhyme of all time was

(person 1) my mother punched your mother, what color was the blood?
(person 2, the person it lands on, states a color. for example, if they say purple, the 6th person in the circle is out cause there are 6 letters in purple)


Animaterra
I loved the miss Susie one, but I remember it as miss Lucy.

and also, the telephone song.. something like;

1:          hey (name)
chorus: someone's callin' your name!
1:          hey (name)
chorus: and I hear it again!
             there's someone on the telephone,
(name): if it isn't (new name) tell 'em I'm not home!

and on and on and on and on. we could do that for hours.

another favorite was the Lamb Chops theme song.
"some people started singing it not knowing what it was...."

but don't think that these fun songs stop as soon as you leave elementary school!!!!
I'm learning tons of new obscene songs at the University!

(B double E double R U N- BEER RUN... etc..)

or..
heres to (name) she/he's too blue
he's a pisspot through and through
he's the devil so they say
tried to go to heaven but he went the other way!!!..

Im wondering if it will ever stop..
extended education is just an excuese for extended immaturity and obscenity.

but not to worry folks, the tradition is alive and well.