The above song is properly titled TALKING SOCIALIZED ANTI-UNDERTAKER BLUES, and it was written by Patrick Sky, ©1965 by Whitfield Music Inc.

It appeared on the various-artists compilation album "Singer Songwriter Project," 1965.

The lyrics were printed with the notation "Salty Dog chord progression" in Broadside: The National Topical Song Magazine, Issue 60, July 15, 1965, page 6, which you can see in PDF format here. The lyrics are not identical to those above, but close enough; the differences are those you'd expect when the song has been folk-processed (i.e. misremembered) a bit -- a different dollar amount in verse 5, for example.

Our old friend Catspaw49 posted the his version of the lyrics in a joke thread here on 23-May-1999, and I'll bet that's where Dave Oesterreich got them.