He used to travel in bath cubes
Until the slump came, faced with redundancy
He turned his mind to other things
And soon became a household nameKnicker Elastic, everybody used it
Knicker Elastic, nobody refused it
The Knicker Elastic King
The Knicker Elastic KingA self-made man with a business to run
And something to sell to everyone
The Knicker Elastic KingHe grew so rich the Gnomes of Zurich were green with envy
The darling of the stock exchange
Made the New Year's honors list
And won the Queen's Award to IndustryKnicker Elastic, essence of propriety
Knicker Elastic, upholder of society
The Knicker Elastic King
Ooh, la laHis rubber business kept expanding
But then disaster
Ee bah gumThe price of raw materials coupled with inflation
Squeezed his global holdings
His liquid assets bottomed out
And shrunk his retail outlet operationAnd that's the story of The Knicker Elastic King
And market forces, The Knicker Elastic King
Horses for coursesA self-made man with a business to run
Something to sell to everyone
The Knicker Elastic King
Ooh, la la
The Knicker Elastic King