There is an alternate third verse about "Harpoon Hannah" which was included on a Disney 3-CD box set of their movie tunes in the mid 1990s:

The alternate version goes like this:

Then there was Harpoon Hannah...
She had a look that shouted "Danger!"
When she came up
And she whispered "Hey there, Stranger..."
I bought her trinkets
That sailors can't afford
    (Extreme Bass - SAILORS CAN'T A-FOOOOOOORRRRRRRRDDDDDD)
And when I spent my last red cent
She tossed me overboard!