^ This does a great job of conjuring up a more innocent era for American teenagers, which is why I was all the more surprised to hear, at 00:20:
"I bet my penis to a candy bar
You'll be cuter than a movie star."

Please prove me wrong!
Here's a novelty song from 1925 which was revived by The Andrews Sisters as the fifties turned into the sixties. I used to enjoy hearing their version on the radio as a kid, but here we are, going back to the source:-