i remember learning in third or fourth grade a variant to this song. it made use of inordinately large words in place of the originals and, well, being the kids that we were, we were all over the idea of using a song that made us seem smarter somehow.

propellar, propellar, propellar your craft
placidly down the liquid solution
ecstatically, ecstatically, ecstatically, ecstatically
existence is but an illusion