The version I learned is a little different:

In Frisco Bay there was a whale
They fed her oysters by the pail
By the bathtub, by the teacup,
Thy thimble and by schooner.

Her name was Sarah and when she smiled
She showed her teeth for miles and miles
And her tonsils. And her spareribs
And things too fierce to mention.

Ohhhh what would you do with a whale like that?
What would you do if she sat on your hat?
Or your toothbrush, or you mother,
Or anything else that's useless!