When I was in the RAF I collected several verses , some from George Formby and some in NAAFI Bar Song Sessions . Here's a British Korean war version , and a verse from 205 squadron in Singapore .

The Reds have a very fine kite so they say
This we no longer doubt
If you're in Korea with a MIG up your rear
This is the way to get out
Stay cool , calm , and sedate , mate
Dont let your British blood boil
Dont hesitate , slam it straight through the gate
And smother the bastard with oil .

Shackletons dont bother me
Shackletons dont bother me
Clapped out contraptions with flaps on their wings
Rattling engines with no piston rings
And the bomb loads so piddling small
Three fifths of five eighths of Sod All
But you'll get no promotin this side of the ocean
So cheer up my lads . bless em all