Lyrics:

Old Khrushchev called the devil on the phone the other day
The operator listened in on what they had to say
'Hello', came old Khrushchev's voice, 'Is my pal Satan at home?
Just tell him it's his buddy Khru, that-a wants him on the phone.'

Old Satan finally answered and said, 'Hello there, old pal!
If I can be of service, you know I surely shall!'
'Listen, please,' said Khrushchev, 'my story I will tell,
Of how I'm changin' this old world into a modern... we-elll

I got atomic submarines, plenty of Sputniks, too,
I've got them so afraid of me that they don't know what to do
My long range guided missiles will go just where I say
And with your help, Satan's power, I'll rule the world some day!'

Old Satan said, 'Now good old buddy, there's something you don't know
The Yankee people build things too, they're really on the go.
If I could only help my friend, you can be sure I would
But they'll make it hotter for you than I ever could!

They've got atomic submarines and plenty of Sputniks, too.
They've got you so afraid of them that you don't know what to do
Their long range guided missiles will go just where they say
Let's face it Khru, me and you can't whip the USA,
Let's face it Khru, me and you can't whip the USA!'