Tiger,Yip probably wrote many versions of the song. He was a well-known lyricist and highly respected in the musical theater community. That snippet goes into the verse about "She once swept an admiral right off of his feet".
I think it would be an interesting project to chase down all the famous lyricists' out-takes. I hear that Cole Porter wrote a few X-rated versions of his standards.
If enough folks rewrite Yip's song adding their own verses, it might be a candidate for a future folk song, who knows?
Meanwhile thass all I know.
Frank Hamilton