When I heard this song performed at the Texas Renaissance Festival in 1998, it was sung by a group of which I don't remember the name, and the verses they sang have stuck in my head ever since (following the pattern described in the original write-up):

What do you do with a drunken sailor?

Lock him in a room with the captain's daughter.

You ain't seen the captain's daughter!

Looks just like an orangutan

There she goes, swinging on the rigging.

Give him a hair of the dog that bit him.

You ain't seen the dog that bit him!

Take a look at the captain's daughter!