we still do that song as a game in 8th grade right now only it goes

Down by the banks with the hanky pank
where the bullfrogs jump from bank to bank
singing e i o u
your mama stinks and so do you
king kong
donkey kon
(i'm missing a lyric there)
I pledge allegiance to the flag
michael jackson is a fag
coca cola 7-up now we're eating coco puffs
(missing lyric)
now we're drinking 7-up
7-up has no caffeine
now we're drinking gas-o-line