In my youth, the song was played at parties. Mostly held in barns. The one we sang went like this:

Oh,It rained and it hailed it was cold stormy weather.
Along came a man drinking all the cider.
You'll be the reaper and I'll be the binder.
Lost my true love and now I'm going to find her.

Pappy was a miller and he lived on the hill
He lived there forty and he lives there still. Four in the hopper and two in the sack. Everyone go round and grab 4 back.