Wow, this whole conversation has me gob smacked, it's great. I'm an aussie living in the usa at the moment with two toddlers, we've been playing with balloons after a recent birthday and today I picked one up on a string hitting it on my wrist and this song from my childhood came to mind, only I thought I learnt it from 70..s kids show called romper room! But now I recall playing it at school! Thanks for the memories, now I am reminded of all the words I can share it with the next generation :)