Henry: There's a hole in the bucket, dear Liza, dear Liza,
There's a hole in the bucket, dear Liza, a hole.

Liza: So fix it dear Henry, dear Henry, dear Henry,
So fix it dear Henry, dear Henry, fix it.

H: With what should I fix it, dear Liza, dear Liza,
With what should I fix it, dear Liza, with what?

L: With straw, dear Henry, dear Henry, dear Henry,
With straw, dear Henry, dear Henry, with straw.

H: But the straw is too long, dear Liza, dear Liza,
The straw is too long, dear Liza, too long.

L: So cut it dear Henry, dear Henry, dear Henry,
So cut it dear Henry, dear Henry, cut it!

H: With what should I cut it, dear Liza, dear Liza,
With what should I cut it, dear Liza, with what?

L: Use the hatchet, dear Henry, dear Henry, dear Henry,
Use the hatchet, dear Henry, the hatchet.

H: But the hatchet's too dull, dear Liza, dear Liza,
The hatchet's too dull, dear Liza, too dull.

L: So, sharpen it, dear Henry, dear Henry, dear Henry,
So sharpen it dear Henry, dear Henry, sharpen it!

H: With what should I sharpen it, dear Liza, dear Liza,
With what should I sharpen, dear Liza, with what?

L: Use the stone, dear Henry, dear Henry, dear Henry,
Use the stone, dear Henry, dear Henry, THE STONE!!!!

H: But the stone is too dry, dear Liza, dear Liza,
The stone is too dry, dear Liza, too dry.

L: So wet it, dear Henry, dear Henry, dear Henry,
So wet it dear Henry, dear Henry, WET IT!

H: With what should I wet it, dear Liza, dear Liza,
With what should I wet it, dear Liza, with what?

L: (moves her rocking chair over to Henry and sings fast)
With water, dear Henry, dear Henry, dear Henry,
With water, dear Henry, dear Henry, WATER!!!!!

H: With what should I carry it, dear Liza, dear Liza,
With what should I carry it dear Liza, with what?

L: (crying)
Use the bucket dear Henry, dear Henry, dear Henry,
Use the bucket, dear Henry, dear Henry, the bucket!

H: Uh, Liza????
There's a hole in the bucket, dear Liza, dear Liza,
There's a hole in the bucket, dear Liza, a hole.

At this point Liza takes the chair and goes off to live with her mother which is probably what Henry wanted in the first place!