Here is a version sung a group called "The Voice Squad." It seems slightly different to the others posted.

WILLY TAYLOR

Willy Taylor and his youthful lover,
Full of mirth and loyalty;
They were going to the church to be married,
He was pressed and sent to sea.

Chorus:
Dally, Dilly Dum, Dilly Dum Dum Dum Dum
Dally, Dilly Dum, Dilly Dum Dum Day.

She dressed herself up like a sailor.
On her breast she wore a star.
Her beautiful fingers long and slender,
She gave them just a smear of tar.

Chorus

On the ship there being a skirmish,
She being one amongst the rest.
Silver button flew off her jacket,
There appeared her snow white breast.

Chorus

Says the captain to this fair maid
"What misfortune has took you here?"
"I'm in search of my true lover,
Whom you pressed on the other year."

Chorus

"If you're in search of your true lover,
Pray come tell to me his name."
"Willy Taylor they do call him,
But FitzGerald is his name."

Chorus

"Let you get up tomorrow morning,
Early at the break of day.
There you'll find your Willy Taylor,
Walking along with his lady gay."

Chorus

She got up the very next morning,
Early at the break of day.
There she spied her Willy Taylor,
Walking along with his lady gay.

Chorus

She drew out a brace of pistols,
That she had at her command;
There she shot her Willy Taylor,
With his bride at his right hand.

Chorus

When the captain came to hear it,
Of the deed that she had done.
He made her a ship's commander,
Over a vessel for the Isle of Man.

Chorus