Hey, my sister learned a similar song made up of product names from a friend at camp (80s), and taught it to me. She couldn’t remember it, but I found it one a website. I also found the older one that someone mentioned on this board… I know the one she knew is a bit different, I’ll ask her what’s different and post it too. The tune is kinda similar to the “Miss suzy had a baby” one.
Here are both versions from the site:

As I was walking down the street one dark and gloomy day
I came upon a billboard and much to my dismay
The sign was torn and tattered from the storm the night before
The wind and rain had done it’s work and this it what I saw

Smoke Coca-Cola Cigarettes, chew Wrigley’s Spearmint beer
Ken-L Ration Dog Food keeps your wife’s complexion clear
Simonize your baby with a Hershey’s candy bar
And Texaco’s the beauty cream that’s used by all the stars

So take your next vacation in a brand new Fridgidaire
Learn to play piano in your winter underwear
Doctors say that babies should smoke until they are three
And people over 65 should bathe in Lipton Tea


Here is the older version:
As I was walking down the street a billboard met my eye.
The advertising that was there would make you laugh or cry.
The wind and rain had almost washed that old billboard away.
But the advertising painted there would have that billboard say:

Have a smoke of Coca-Cola. Chew catsup cigarettes.
Watch Lillian Russell wrestle with a box of Cascarets.
Pork and beans will meet tonight in a finish fight.
Hear Chauncey DePeeuw speak upon sapolio tonight.

Bay rum is good for horses; it is the best in town.
Castoria cures the measles, if you pay ten dollars down.
Teeth extracted without pain, a nickel or a half a dime.
Ingersolls are selling now, a little behind the times.

Chew Wrigleys for that headache. Eat Campbells for that cough.
There’s going to be a swimming bee at the village watering trough.
Buy a case of ginger-ale, it makes the best of broth.
Shinola’s good to curl the hair, it will not rub it off!