I remember it as:

In Chinatown there lived a great man
His name was Chikety Chikadi Chikedy Dan
His toes were short and his feet were long
And this is the way the poor Chinaman would talk.
Chikeli de li delo, in a chinawa china ki, in a banana go wachi ow.

Now this china man had plenty of wealth
He lived in a mansion all by himself
His neighbors were good and bought him a boat
And set the poor Chinaman afloat.
Singing chikli de lie delo, in a chinawa china ki, in a banana go wachi ow.

It has been at least 70 years since I have heard this song, so forgive what errors there may be. Joe