Here is a fun variation - uncovered in the search for the Old Lady's roots.
http://soli.inav.net/~penfold/beth/oldlady.html

I Know an Old Lady
(tune: "I Know an Old Woman Who Swallowed a Fly")
Words by Andy and Beth Wheeler, Nigel Ray
1992

                        I know an old lady who swallowed some gin
                        I don't know why she swallowed the gin
                        I think she'll win

                        I know an old lady who swallowed some scotch
                        She scratched her crotch and downed the scotch
                        She swallowed the scotch to chase the gin
                        But I don't know why she swallowed the gin
                        I think she'll win

                        I know an old lady who shot vermouth
                        How uncouth to shoot vermouth!
                        Etc.

                        I know an old lady who guzzled some cider
                        Which fizzled and wizzled and spizzled insider her

                        I know an old lady who shot tequila
                        She let out a squeal-a and shot the tequila
                        She shot the tequila to kill the cider

                        I know an old lady who swallowed some salt
                        It wasn't her fault she forgot the salt!

                        I know an old lady who drank triple sec
                        She said, "What the heck!" and swallowed the sec

                        I know an old lady who swallowed some rum
                        She started to cum as she swallowed the rum

                        I know an old lady who swallowed some vodka
                        She let out an odd ca' as she swallowed the vodka

                        I know an old lady who drank creme de menthe
                        It was her tenth so she drank creme de menthe

                        I know an old lady who swallowed some brandy
                        She thought it was candy so she swallowed the brandy

                        I know an old lady who drank amaretto
                        No one in the ghetto would drink amaretto
                        
                        I know an old lady who swallowed kahlua
                        What an odd thing to do'a, to swallow kahlua                        

                        I know an old lady who swallowed some beer
                        Oh how queer, to swallow some beer!

                        I know an old lady who swallowed some schnapps
                        She just opened her chops and she swallowed the schnapps

                        I know an old lady who swallowed some wine
                        By then it was fine to swallow the wine

                        I know an old lady who swallowed some whiskey
                        It made her quite frisky to swallow the whiskey

                        I know an old lady who swallowed some ouzo
                        She could still choose zo she swallowed the ouzo

                        I know an old lady who drank Irish cream
                        She let out a scream and down went the cream

                        I know an old lady who swallowed some ale
                        She turned very pale and she swallowed the ale

                        I know an old lady who swallowed some bourbon
                        She put on a turban and swallowed the bourbon

                        I know an old lady who drank everclear
                        She had no fear to drink everclear
                        She drank everclear to chase the bourbon
                        She swallowed the bourbon to chase the ale
                        She swallowed the ale to chase the cream
                        She swallowed the cream to chase the ouzo
                        She swallowed the ouzo to chase the whiskey
                        She swallowed the whiskey to chase the wine
                        She swallowed the wine to chase the schnapps
                        She swallowed the schnapps to chase the beer
                        She swallowed the beer to chase the kahlua
                        She swallowed kahlua to chase amaretto
                        She drank amaretto to chase the brandy
                        She swallowed the brandy to chase creme de menthe
                        She drank creme de menthe to chase the vodka
                        She swallowed the vodka to chase the rum
                        She swallowed the rum to chase triple sec
                        She drank triple sec to chase the salt
                        She swallowed the salt to chase the tequila
                        She swallowed tequila to kill the cider
                        She swallowed the cider to chase the vermouth
                        She shot the vermouth to chase the scotch
                        She swallowed the scotch to chase the gin
                        But I don't know why she swallowed the gin
                        I think she'll win

                        I knew an old lady who drank anisette
                        She's drunk, you bet!

Sincerely,

Gargoyle