My Grandad too used to sing this song - infact it just came back into my head so I thought I'd google it to see if it had any origins...

Fascinating to read about The Family way lyric, though he only ever used to sing

Abie, Abie My Boy
What are you waiting for now?

Abie, Abie, my boy
What are you waiting for now?

Next pay Day, Next pay Day
That's What I'm waiting for Now