One Bikini, (One bikini)
One thin bottom, (one thin bottom)
Put it in a pot and you've got vegetable soup

The story:

My cousin and I were playing with our five-year-old cousins Wiggle guitar toy because we were bored. We heard this song. We couldn't believe these guys whose show was geared towards kids would be singing about bikinis and thin bottoms. Concerned, we showed it to our grandma, and she looked at us weird and said "Uh..no." We felt like idiots. But, you have to admit, it does sound like that!