A related Benny Hill parody of Bob Dylan entitled What a World opens with:

Now it was Christmas Day in the jailhouse,
The old man sat in his cell,
"Put out your pudding, for treacle,"
He heard the warden yell,
"If you want treacle on your pudding,
Put it out without delay."
The old man put out his pudding,
And the warden took it away.

You can find the whole lyric here - not much of a Dylan parody, more Hill's usual excuse to cram in a lot of old jokes, although his delivery is pretty good.