this is what I remember from my grandma:

strolling down the avenue with morphine bill and cocaine sue
    oh honey have a (sniff) have a (sniff) on me oh honey have a (sniff) on me.
to a drugstore full of hope went this couple of morphine dope.
    oh honey have a (sniff) have a (sniff) on me oh honey have a (sniff) on me.
and in this drugstore hung a sign, we ain't got no more morphine
    oh honey have a (sniff) have a (sniff) on me oh honey have a (sniff) on me.
now in a graveyard on a hill lies the body of morphine bill
    oh honey have a (sniff) have a (sniff) on me oh honey have a (sniff) on me.
and in this graveyard by his side lies the body of morphine's bride
    oh honey have a (sniff) have a (sniff) on me oh honey have a (sniff) on me.