Time to dust off a classic (well, at least IMHO) with some additional lyrics I added to bring the song up to date:

WALKIN' 'ROUND IN WOMEN'S UNDERWEAR

Words by Bob Rivers, additional words by Jay Pearlman
(Tune: Winter Wonderland)

Lacy things the wife is missin',
Didn't ask her permission,
I'm wearin' her clothes, her silk pantyhose,
Walkin' 'round in women's underwear.

In the store there's a teddy,
Little straps like spaghetti,
It holds me so tight, like handcuffs at night,
Walkin' 'round in women's underwear.

In the office there's a guy named Norman,
He pretends that I am Murphy Brown.
He'll say, "Are you ready?" I'll say, "Whoa, man!
"Let's wait until our wives are out of town!"

Later on, if you wanna,
We can dress like Madonna,
Put on some eyeshade and join the parade,
Walkin' 'round in women's underwear!

Yesterday I bought a pair of bloomers,
1930's style, you can't go wrong.
This should put an end to all the rumors
That I'm too overweight to wear a thong!

Then we'll all tell the saga,
Of how we dressed like Lady Gaga.
Straight, bi, or gay, we're just born this way,
Walkin' 'round in women's underwear,
Walkin' 'round in women's underwear.

Little lacy, racy underwear!