Hi,
I'm amazed that noone in this thread has mentioned The Dubliners yet! They recorded the above-mentioned song as "Seven Drunken Nights" and it has been one of their greatest hits (although I think they only sang the first 5 verses).
Funnily enough, this song seems to exist in some form everywhere, also in Sweden where I live: A colleague of mine sang a Swedish version (different tune, same general idea, but in Swedish) of it at a staff party some time ago!
Regards,
Henrik