I expect the asteriks are best filled by the phrase "buggered sore" so that it would be sung:

The punk rolled up his big blue eyes And said to the jocker, "Sandy, I've hiked and hiked and wandered too, But I ain't seen any candy. I've hiked and hiked till my feet are sore I'll be God damned if I hike any more, To be "buggered sore," In the Big Rock Candy Mountains."

It might, of course also rsing well as "To be a hobo's whore."

"Haywire Mac," although he eventually had some commercial success as a singer/songwriter, was certainly political in his approach. He viewed himself as a Wobbly and contributed to "The Little Red Songbook." All political readings of his work are generally best viewed as intentional.