Schoolyard version of Titanic:

THE SHIP TITANIC

Oh they built the ship Titanic
To sail the ocean blue
And they thought they had a ship
That the water wouldn't go through
But the good Lord raised his head
Said the ship would never land
It was said when the great ship went down

Chorus:
Oh, it was said, oh, it was said
It was said when the great ship went down
To the bottom, to the bottom of the sea

Uncles and aunts
Little children lost their pants
It was sad when the great ship went down
Ker-plunk
It sunk
What a piece of rotten junk
Made in Tai-waaan!