The first verse is almost spoken or narrated

There's an old Australian stockman - lying, dying...
And he gets himself up onto one elbow
And turns to his mates who are all gathered around
And he says....

I'm going, Blue; this you gotta do,
I'm not gonna pull through, Blue, so this you gotta do . . .

Chorus:
Tie me kangaroo down, sport
Tie me kangaroo down.
Tie me kangaroo down, sport
Tie me kangaroo down.

Watch me wallabies feed, mate
Watch me wallabies feed.
They're a dangerous breed, mate
So, watch me wallabies feed.

(chorus)

Let me wombats go loose, Bruce,
Let me wombats go loose.
They're of no further use, Bruce,
So let me wombats go lose.

(chorus)

Keep me cockatoo cool, curl
Keep me cockatoo cool.
Don't go actin' the fool, curl
Just keep me cockatoo cool.

(chorus)

Take me koala back, Jack
Take me koala back.
He lives somewhere out on the track, Mack
So, take me koala back.

(chorus)

Mind me platypus duck, Bill
Mind me platypus duck.
Don't let him go running amuck, Bill
Just, mind me platypus duck.

(chorus)

Play your digeridoo, Blue
Play your digeridoo.
(Dying) Like, keep playing it 'til I shoot through, Blue
Play your digeridoo.

(chorus)

Tan me hide when I'm dead, Fred
Tan me hide when I'm dead.
So, we tanned his hide, when he died, Clyde
And that's it hangin' on the shed.

(chorus)