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 faggots 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