GutBucketeer: I want you to know I admire and appreciate your effort to see that this song is preserved for posterity. Awhile back, when I first noticed this thread, I did make an effort to apply my searching skills with Google, and I failed to find anything definitely relevant, and consequently didn't post.

AMG/All Music Guide lists 48 recordings called "Foolin' Around". Obviously there are many different songs with that name, notably one by Buck Owens and Harlan Howard, which accounts for at least 18 of those recordings. I can't find lyrics or sound samples for most of the others, so I can't definitely rule them out, but I suspect none of them are the same as yours.

ASCAP'S database lists 12 different songs called "Foolin' Around", and BMI's lists 43! I don't know about you, but I find the task of tracking them all down a bit daunting.