That's the Way It's Gonna Be, from 1965. Apart from this song, that album contains a few other not-so-funny satires not yet on mudcat. There also was this weird anti-Semitic piece:

ECUMENICAL MARCH
(Robert Ascher, Patricia Eliran)

Sholom aleichem
Sholom aleichem
Sholom aleichem
Sholom, sholom, sholom aleichem

Sholom aleichem
Hevenu sholom aleichem
Hevenu sholom aleichem
Hevenu sholom, sholom, sholom aleichem

Hava nagila
Hava nagila
Hava nagila venis'mecha

Hava nagila
Hava nagila
Hava nagila venis'mecha

[Spoken]
The Vatican has made it official, us Jews didn't kill Jesus.
They shouldn't blame us, we're not responsible!
As for me, last night I had my first good night of sleep in two thousand years.

Ecumenically we're acceptable
Oh, what a joy to be clean

We're clean, we're clean
The Vatican says we're clean
We're good and sweet and gentle too
We did no harm to you know who
We're clean, we're clean
The Vatican says we're clean

Mazel Tov!

Hava nagila
Hava nagila
Hava nagila venis'mecha

We'll erase all the old persecution
It wasn't vicious, just capricious
We'll forget and not fret over what has been
Oh boy, what a joy to be clean

We're clean, we're clean
The Vatican says we're clean
We're good and sweet and gentle too
We did no harm to you know who
We're clean, we're clean
The Vatican says we're clean

Everybody dance!

Hava nagila
Hava nagila
Hava nagila venis'mecha

We'll forgive all the old inquisition
We won't lament it, they never meant it
We'll be raised and be praised with gentility
Oh gee can't you see we're absolved

Absolved, absolved
The Pope says we're absolved
So take a Christian by the hand
And let's all shout "It's grand, it's grand!"

[Spoken]
-Wait a minute... If we didn't do it, who did?
-The Puerto Ricans.

Absolved, absolved
The problem is all solved
Solved, solved, solved, solved
The Pope says we're absolved