I haven't heard the Watson version, but in old-timey and bluegrass circles the song is known as 'Fly Around My Pretty Little Miss'. Reissues on CD include County's great Skillet Licker CD and Frank Blevins and His Tar Heel Rattlers on volume 1 of Yazoo's 'Times Ain't Like They Used to Be'. It was an oldtimey standard that was absorbed into bluegrass. As I recall, the New Lost City Ramblers also did a version.