"Shadrach, Meshach & Abednego
They none of them could please the King, so of course they had to go
He put them in the furnace to burn them up like chaff
But they wore asbestos underpants & gave the King the laugh"

fourth verse here,
"Darkie Sundayschool" thread
thread.cfm?threadid=43386&messag#2803422
I learned it as
"... couldn't pay their taxes so they had to go..."
"...and they began to laugh"in about 1960(cubs), so I assumed everyone knew it!