For some reason this silly ditty has been running through my mind this morning. Betsy and I used to sing it to our kids; I suspect the verse comes from the 1920s, possibly sung in a vaudeville routine.
To the hoary old tune “Turkey In The Straw”:
We-lll, I went to Cincinatti and I walked around the block, And I walked right in to a doughnut shop. He picked two doughnuts out of the grease So I handed the man a five-cent piece. We--ll, he looked at the nickel and he looked at me Says, "This nickel's no good to me! There's a hole in the middle and it's all the way through!" Says I, "There's a hole in the doughnut too!" Thanks for the doughnuts -- good bye!
The last line should be sung to the tune used for “Shave and a haircut…two bits!”
I first heard these lyrics on an LP by folksinger Michael Cooney.