Whose that man with the big red nose?

Anyone remember this owl chant?I remember it from dalymount in mid / late 70s.Thimk it went something like:
Whose that man with the big red nose
Ooh ah ooh ah ah
The more he scratches , the more it grows
Ooh ah ooh ah ah
They're aint no flies on us ,oh no
They're aint no flies on us , oh no
They,re may be flies on some o you guys
But they're aint no flies on us !!!!

What the hell was all this about ?

Apparently its a well known scout song, sung at scout jamborees etc. Not that I'd know that from experiance of course:)

Holy moley.As far as i can remember ,there wouldnt hav been too many dib dib dibbers at dalyer in them days, never mind GUYS!!