Here's a couple of examples of "Hanky Panky" from a great resource for contemporary children's rhymes: http://blog.oftheoctopuses.com/000518.php

DOWM BY THE BANKS WITH THE HANKITY PANKS
Down by the banks
with the hankity panks
where the bull frog
jumped from
bank to bank
with an
eep
ip
oop
op
hes got on the lilly with a big
ker-plop!

::at ker-plop the players would try to a) freeze b) clap hands or c) hit each other on the head (depending on the version)

Source: Octoblog; posted by contortme at September 16, 2003

-snip-

DOWN BY THE LAKE WITH THE HANKY PANKY
ok. thats not how it goes.* it goes

down by the lake with the hanky panky
where the bullfrogs jumop from bank to bank
singing fee fi fo fum
ure momma looks like king kong
didley dong i went to school with nothing on
i asked the teacher what to wear
polka dotted underwear
not too big not too small
just the size of dadeland mall (or w/e mall u choose)

Source: Octoblog; posted by at September 18, 2003 08:34 PM

*this comment refers to the version posted above

****

THE HANKY PANK SONG
I remember the hanky panky song
down by the river and the hanky panky
the bullfrogs jump from bank to banky
with the eips ips ops oops
sock-a-dilly and a ping pong pow

Source: Octoblog; posted by Mis at July 7, 2004 02:23 PM