I am on the hunt for this song as well. My dad used to sing it to me when I was a kid.

The chorus goes like this:

Barefoot! Baaaarefoot! You'll never go wrong going barefoot!
Barefoot! Baaarefoot! It helps to keep your two feet on the ground...
one two one two one two sing

Then a verse:

{some lady} has been chasing Byron Diggers(?) She's been chasing him for nigh on twenty year. Now he's got the blues cause she caught him wearing Shooooooes.... Now his life is filled with sadness and with tears... {then back to chorus}

That is all I remember right now. Any other elucidation on this song would be appreciated. Hope this snippet helps.

~Hue