Lyrics:

Aloha 'oe, aloha 'oe
E ke ononaha noho I ka lipo...

'As the sun pulls away from the shore and our boat sinks slowly in the west, we approach the island of Lulu'

*Boing!*

'Spelled backwards...'

*Boing!*

'...Ulul!'

'Ah! In the distance we hear Spike Jones and his Wacky Wakkakians!'

Chanting:
Hey ubba jibba huh-wah ee ah
Hey ubba jibba huh-wah ee ah
Hey ubba jibba huh-wah ee ah
Hey ubba jibba huh-wah ee ah

*Gurgling noise*

Chorus (In what is made to sound like a native language):
A-hoopa-toopi-looi eesi-doiki-dor
A-honna-lieba-whenya-double-aye

*Gurgling noise*

Hoo-hoo-ch-looeech (Tori-tori)
A-honna-lieba-whenya-double-aye

Ahlwai
*Gurgle*
Tah-huh
*Gurgle*
Ahlwai
*Loud Gulp*
Tah-huh
('Uuh!')

Chanting:
Kah ho willa higga-hooah ibba-ithuh (eh)
Iick-weh needah habeedi-go-hugula (eh-eh)
Boo-hoo-halooah iikhi gu-ii-gu-ii
Ahleenghi gubbahl aahrh
(A'Hannih-hannih-hannih!)

Bah-kho wheeya hihgka iiwhi-iiwhi (Eya-Ya)
Aihula lei-hahbidigo huhloo-ahla (Eya-Ya)
Goo-hoo huhloo-ah iikhi ghoi-ghoi
Alah-de-ihbeh whiya gubbahr-ahr

(Ahwaihi!)
Ahwaihi
('Hubbuh hubbuh hubbuh!')
Tah-huh
('Zooot!')
Ahlwai
('Boy!')
Tah-huh

*Trumpet*

*Donald Duck gargling*

*Trumpet*

*Donald gargling again*

*Trumpet and sound effects*

Note: I onomatopoeia-transposed this at 4AM and it drove me insane...