I was looking for the words as my friend from Surrey argues that my last line is wrong.
In England at my school we sang,

down by the banks of the hanky panky,
where the bull frogs jump from bank to banky,
hip hop, don't stop,
ding dang dollar and a ding dang dong.

Inky pinky parlez vous which appeared in someone's version is a whole other song to me! But that might start a whole new thread.....