Beginning by addressing his audience, the singer says "Good evening, ladies and gentlemen. Here's a little number I tossed off recently in the Caribbean." This opening innuendo is the opening gambit to a series to euphemisms for male genitalia. The overall message of the song appears to be summed up in its opening line: "Isn't it awfully nice to have a penis?"
Euphemisms within the song include:
The final segment of the song advises that if you "take it out in public," then "they will stick you in the dock," a reference to the part of a British courtroom where the defendant stands.