Interesting question...If you don't have the lyrics, do you know, for certain, whether the word that you partially asteriskicised (hey, I made up a new word!) was actually used as a now-obsolete derogatory slang term for an African-American person, or simply as a contraction of "raccoon?" The latter is more likely to be up in a tree. If it is the latter, what's wrong with spelling it out in full?

Another descent into absurdity in hopes of achieving an adequate level of political correctness?

Peter