Virginia Kehoe proposed (on Latinteach.com)

Mica , mica, parva stella,
Tu es vero satis bella,
Lucens super hoc mundo,
Velut gemma in caelo
Mica, mica, parva stella,
Tu es vero satis bella.

Michael Myer suggested (back in July of 2000)

Mica mica, stellula
Quaenam sis vero miror
Lucens super hoc mundo
Velut gemma in caelo
Mica mica, stellula
Quaenam sis vero miror

and today further emended it to

Mica, mica stellula
Quaenam sis vero miror!
Lucens super hoc mundo
Velut gemma in caelo-
Mica, mica stellula
Quaenam sis vero miror!

Liland

"The Folk Process is alive and well and living in an embalmed language" - who said that?