Gargoyle mentioned this song on 24-Aug above. You can hear this recording at the Internet Archive. This is my transcription:


THE MUSIC GOES 'ROUND AND ‘ROUND
Words by Red Hodgson, music by Edward Farley and Mike Riley, ©1935.
As recorded by Tommy Dorsey and his Clambake Seven, with vocalist Edyth Wright, on Victor 25201, 1935.

[I am omitting some patter.]

Oh, you blow through here,
The music goes down and around,
Whoa-oh-oh-oh-ho-ho,
And it comes out here.

Now, push the first valve down,
The music goes down and around,
Whoa-ho-ho-ho-ho-ho-ho,
And it comes out here.

Now, push the middle valve down,
Hear that music go down and around
Below, below, below-ho-ho,
Listen to the jazz come out.

Push that other valve down,
Hear the music go down and around,
Whoa-oh-oh, ho-ho-ho,
And it comes out here.

[More patter, with some instrumental solos, then repeat the above lyrics.]

[This recording was the biggest hit, but there were lots of others. Most were published under the title THE MUSIC GOES 'ROUND AND AROUND.]