The song was written in 1942 for a one and a half minute animated propaganda film distributed by Warner Bros. during World War II. It was produced by Leon Schlesinger Productions and directed by Bob Clampett for the U.S. Treasury Department. The short had Bugs Bunny, Elmer Fudd, and Porky Pig encouraging theater audiences to buy bonds for the war effort.
[Verse:] The tall man with the high hat and the whiskers on his chin Will soon be knocking at your door and you ought to be in The tall man with the high hat will be coming down your way Get your savings out when you hear him shout "Any bonds today?" [Refrain:] Any bonds today? Bonds of freedom That's what I'm selling Any bonds today? Scrape up the most you can Here comes the freedom man Asking you to buy a share of freedom today Any stamps today? We'll be blest If we all invest In the U.S.A. Here comes the freedom man Can't make tomorrow's plan Not unless you buy a share of freedom today First came the Czechs and then came the Poles And then the Norwegians with three million souls Then came the Dutch, the Belgians and France Then all of the Balkans with hardly a chance It's all in the Book if only you look It's there if you read the text They fell ev'ry one at the point of a gun America mustn't be next Any bonds today? All you give Will be spent to live In the Yankee way Scrape up the most you can Here comes the freedom man Asking you to buy a share of freedom today
Any Bonds Today? is also one of the last of five cartoons (counting this one) in which Elmer Fudd appeared as a chubbier version than his earlier and later appearances. The chubby Elmer was made to parody the physique of Elmer's voice actor, Arthur Q. Bryan. Bob Clampett made these shorts with a fat Elmer because he could not make Porky fatter, as Porky had been in his first cartoon, I Haven't Got a Hat.