There is a (Scottish?) version which has "Gipsy, gipsy Caroline" washing her hair in turpentine, with a second verse which replaces turpentine with "V.P. wine" (V.P. is one of a family of cheap, potent and generally disgusting fortified wines popular with those in central Scotland who want to get wasted frequently and don't have a lot of dough - see also Buckfast, Lanliq, Four Crown, Eldorado, Melroso...)