The lyrics aren't memorable and neither is the melody, however, the song amuses because it's all just so silly!
http://www.geocities.com/Broadway/3525/cds/Descr/DamesAtSea.html
Dames At Sea
Musical
Original Off-Broadway Cast
Music by Jim Wise
Lyrics by George Haimsohn, Robin Miller
Book by George Haimsohn, Robin Miller
Dames At Sea opened December 20, 1968, at the Bouwerie Lane Theatre in New York City. It moved on April 22, 1969, to the Theatre de Lys. It finally closed May 10, 1970 after 575 performances.