Guest, Guest 18 Jan 07 - 06:20 PM, the longer version of "Down by the banks of the hanky panky" that you referred to may have had these verses:

Candy apples on a stick
Makes my tummy go 2, 4 to 6
Not because I'm dirty
Not because I'm clean
Not because I kissed a boy behind a magazine

Hey girls! Wanna have some fun?
Here come's ____ (fill in the blank with a boy's name) with his pants undone
He can wibble, he can wobble, he can do the splits
But most of all, he can Kiss Kiss Kiss!

http://blog.oftheoctopuses.com/000518.php ; posted by Joy Beth at January 23, 2004

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This rhyme is also known as "Apple On A Stick" and is often recited as an independent rhyme or in combination with other rhymes than "Hanky Panky."