From The Max Hunter Folk Song Collection, which also has a sound file:

ONE PIECE OF BALONEY
As sung by Mary Stoutland, Fort Smith, Arkansas on July 11, 1969

1. An Italian, a Hebrew, an Irishman
Once in search of recreation
Tooking up from each
An allowance to spend a vacation
They got lost, way out in th woods
It was dark an' lonely
All their food gave out, except
One piece of baloney

2. Someone shouts, says I've got a knife
There's no use of cutting
If we do there isn't enough
Who'll give us a speeding
Ho, ho, ho, I think if we keep the baloney awhile
What ya say, say Tony
An' I'll try an' stay awake
And I'll watch the baloney

3. Nothing doing, Tony me boy
It might be to inviting
I suggest we all go to bed
So there's nothin' phony
An' the one who has the nicest dream
Wins the baloney
Ho, ho, ho, I jest a had a nice'a dream
I think this morning at seven
I dreamed I die away
And up descended to Heaven

4. I go right thru the pearly gates
On a nice white pony
You no can beat a dream, like that
So, I win the baloney

5. Not so fast, me bucko, me boy
I had quite a dream, myself
I died for over eating
I went up t' Heaven
And, O, what a greeting
Up came Peter, smiling an' said
If it ain't my old friend, Maloney
Now, you can't beat a dream, like that
So, I win the baloney

6. Vell, I know I have to admit
I know you aren't lying
Cause I dreamt that both of you died
O, how I was crying
You vent up to Heaven an' then
Vhile I felt so lonely
I dreamt that you weren't coming back
So, I ate the baloney