Susan, are you familiar with this one? I'm sure it has the same tune. Rise Up Singing describes it as a traditional spinning song. I learned it from my little sister, who was very obnoxious about singing Girl Scout songs.

Sarasponda

women: Sarasponda, Sarasponda, Sarasponda retsetset
men: Boomda, boomda....

together: Ahdoray-oh! Ahdoray-boomday-oh!
Ahdoray-boomday-retsetset, awsay-pawsay-oh!