Hmm, the version I remember was Share Marijuana with Me... I don't remember anything else being changed, mostly because that was about the only part people knew.

My one was Split Enz What More Can a Poor Boy Do. For ages I thought it was Love In A Bubble

There are sites dedicated to Mondegreens like this. From Jimmy Hendrix "Scuse me while I kiss this guy", to Bon Jovi "It doesn't make a difference if we're naked or not"