This version was popular in the RCAF.

Christ the magic hebrew lived by the sea,
and taught us social protest in a land called Galleli,
born a tax-deduction,
with a star above his head,
Christ the king of all the jews,
had horseshit for a bed.

Christ went to a party, everything was fine,
when the host ran out of beer,
Christ changed water into wine,
the Palestine liquor control board,
thought this was mighty nice,
changing water into wine, without a change in price.

Christ walked on the water far from the docks,
Peter tried, and Peter died,
He could not find the rocks.

There was a Roman soldier, I think his name was Mike,
He said, Christ won't you cross your legs,
I only have one spike.