We used to do a parody to the same tune:

Oh, I went to Cincinnati and I walked around the block,
And I walked into a doughnut shop;
I picked two doughnuts out of the grease,
And handed the lady a five-cent piece.

She looked at the nickle and she looked at me,
She said, "This nickle's no good to me,
There's a hole in the middle and it goes right through."
Says I, "There's a hole in the doughnut, too."^^^