The one we used to do was a little different. The chorus was about the same as in the first posting above except we sang "Put a nickle in the drum, save another drunken bum." Then the verses were spoken. The audience would supply the "boo's" and "Yay's"

Some verses:

The minister has ordered all liquor to be thrown into the river!
BOOO!
Ten feet above the water supply!
YAY!

The minister has ordered all women to wear full length dresses!
BOOO!
But they can be made of Saran wrap!
YAAY!

That's all I can remember for now.

Jon W.