From the recording at YouTube:


HOLD OUT YOUR PUDDING FOR JAM
As sung by Leslie Sarony

No happy days are here again; it's hard to raise a cheer.
The cupboard's bare; there's nothing there but half a pint of beer.
Bend your backs and pay your tax and smile; you're bound to do.
Think of that old saying mother used to bawl at you.

Let us have the happy days when mother used to say:
"Hold out your pudding for jam; you've been a good boy today."
Let us have the happy days when we were bright and gay,
And hold out your pudding for jam; you've been a good boy today.

We don't want jam tomorrow for we might be dead, you know,
Stone cold, under the mould, making the daisies grow.
Oh, life's to short to miss the sport so now's the time to say:
Hold out your pudding for jam; you've been a good boy today.

Happy days are again. Oh, what a jolly lark!
We've got no pennies for the guess(?); we're whistling in the dark.
We've put our worries through the mangle and been quite content.
We haven't got the mangle; it was sold to pay the rent.

Let us have the happy days when mother used to say:
"Hold out your pudding for jam; you've been a good boy today."
Let us have the happy days when we were bright and gay,
And hold out your pudding for jam; you've been a good boy today.

Some get all the sweets of life; I'm sure I don't know why.
Others get a smack in the blinking eye.
But duff's the stuff(?) when things are rough to drive the blues away,
So hold out your pudding for jam; you've been a good boy today.

Gooseberry or strawberry, we like it nice and thick.
Plum and apple, give us a spoon to lick.
Raspberry can be very nice when done a certain way,
So hold out your pudding for jam; you've been a good boy today.