I have found it. It is indeed by Michael Flanders. It's in '32 Galliard Carols for Christmas' published by Stainer and Bell. The third verse goes as follows: If a cheese you have not got, Then a groat must be our lot, As we dance round the mistleto-e Buff - (Bough!) - Buff! If you haven't got a groat, You can go and cut your throat, And ne'er have any Figgy Figgy, Ne'er have any Figgy Figgy, Ne'er have any Figgy Figgy Duff. Figgy Duff!
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