You might get away with that as fair parody use, as looking at it now, not much is lyrically used . Though the original is quoted.. But the tune you set it to is definitely (C) and you couldn't use it for commercial purposes without publishing permission.

Incidentally I got Alan Merrill shortly before her died, to register the song title 'I Love Sausage Rolls' in the UK, as his 'I Love Rock n' roll was being parodied, and was used for a Christmas Number 1 by Ladbaby. So the PRS/MCPS collect on behalf of his publishers, irrespective of the writing of parody words, due to the use of the music, hooks, and obvious lyrical structure. Though some Internet downloads give a split credit, which was presumably arranged elsewhere. Anyway, I digress.. I don't think there's much danger of competing with Hayward.. it's a piece of crud.