The song, released on their album Ramble Away (CBS 63007, 1967) and is credited to bandmember Peter Leroy but bears no additional explanation of its veracity. You can listen to it here. The lyrics match pretty closely to the originals posted by Kernow John and Charley Noble's amendments, except that this recording this recording calls the captain brave McKay.

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Attempted clarification by Joe Offer: "Wrecking Crew', recorded by Chapter Three on the album Ramble Away: https://youtu.be/7MZNikrB3zU?t=1819