O! What are you doing,
And where are you going?
Your ponies need shoeing!
The river is flowing!
O! tra-la-la-lally
here down in the valley!

O! What are you seeking,
And where are you making?
The [bad word] are reeking,
The bannocks are baking!
O! tril-lil-lil-lolly
the valley is jolly.

O! Where are you going
With beards all a-wagging?
No knowing, no knowing
What brings Mister Baggins,
And Balin and Dwalin
down into the valley
in June
And listen and hark
Till the end of the dark
to our tune

O! Will you be staying,
Or will you be flying?
Your ponies are straying!
The daylight is dying!
To fly would be folly,
To stay would be jolly
To stay would be jolly
in June
And listen and hark
Till the end of the dark
to our tune