We are starting a cat ranch and taking one hundred thousand cats
 Each cat will have twelve kittens a year
 The catskins will sell for thirty cents each
 One hundred men could skin five thousand cats a day
 We could be dealing a profit of over ten thousand dollars
 But what should we feed the cats?
 We will start a rat ranch next door with a million rats
 The rats will be twelve times faster than the cats
 So we can have more rats to feed each day for each cat
 But what should we feed the rats?
 We will feed the ratsThe carcases of the cats
 After they have been skinned
 Now get this!
 We feed the rats to the cats and the cats to the rats
 And get the catskins for nothing
 We feed the rats to the cats and the cats to the rats
 And get the catskins for nothing
 We feed the rats to the cats and the cats to the rats
 And get the catskins for nothing
 We feed the rats the carcases of the cats
 After they have been skinned
 We feed the rats to the cats and the cats to the rats
 And get the catskins for nothing
 Rats to the cats and the cats to the rats
 And get the catskins for nothing