Ah, there's more. I found this version here (click)
-Joe Offer-

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THROW A NICKEL ON THE GRASS
Author unknown, Air Force traditional

CHORUS: Hallelujah! Hallelujah!
Throw a nickel on the grass. Save a fighter pilot's ass.
Hallelujah! Hallelujah!
Throw a nickel on the grass and you'll be safe!

Well, I'm cruising down the Yalu, doing six-and-twenty per.
I cried to my flight leader, "Oh, won't you save me, Sir!
Got two big flak holes in my wings. My engine's outta gas!
Mayday! Mayday! Mayday! Got six MiGs on my ass!" CHORUS

Well, I shot my traffic pattern. To me it looked all right.
The airspeed read one-ninety. I really racked it tight.
The airframe gave a shudder. The engine gave a wheeze.
Mayday! Mayday! Mayday! Spin instructions please! CHORUS

The crosswind blew me sideways. the left wing hit the ground.
I firewalled the throttle and I tried to go around.
I yanked that Sabre in the air, a dozen feet or more.
The engine quit. I almost shit. The gear came through the floor. CHORUS

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Another version here (click).

SAVE A FIGHTER PILOT'S ASS

CHORUS: Hallelujah! Hallelujah!
Throw a nickel on the grass. Save a fighter pilot's ass.
Hallelujah! Hallelujah!
Throw a nickel on the grass & you'll be saved.

I was cruising down the Yalu, doin' 6 & 20 per
When a call came from the Major: "Oh, won't you save me, sir!
Got three flak holes in my wingtips & my tanks ain't got no gas.
Mayday! Mayday! Mayday! I got 6 MiGs on my ass." (Chorus)

I shot my traffic pattern, & to me it looked all right.
The air speed read 130. I really racked it tight.
Then the airframe gave a shudder. The engine gave a wheeze.
"Mayday! Mayday! Mayday! Spin instructions please." (Chorus)

It was Split-S on my bomb run, & I got too Goddamned low,
But I pressed that bloody button, & I let those babies go.
Sucked the stick back fast as blazes when I hit a high-speed stall.
Now I won't see my mother when the work's all done next fall. (Chorus)

Then they sent me down to PyongYang. The brief said "No ack-ack."
By the time that I arrived there, my wings was mostly flak.
Then my engine coughed & sputtered. It was too cut up to fly.
"Mayday! Mayday! Mayday! I'm too young to die." (Chorus)

I bailed out from the Saber, & the landing came out fine.
With my E & E equipment, I made for our front line.
Then I opened up my ration to see what was in it.
The Goddamned Quartermaster, why he filled the tin with grit. (Chorus)