This recording seems to be a little politically correct, but very enjoyable.

(Really verse 2)

Anchors Aweigh, my boys,
Anchors Aweigh.
Farewell to foreign shores,
We sail at break of day-ay-ay-ay.
Through our last night ashore,
Drink to the foam, (???)
Until we meet once more.
Here's wishing you a happy voyage home.

(Really verse 1)

Stand Navy out to sea,
Fight our battle cry;
We'll never change our course,
So vicious foe steer shy-y-y-y.
Roll out the TNT,
Anchors Aweigh.
Sail on to victory
And sink their bones to Davy Jones, hooray!

(not sung - Really verse 3)

Blue of the mighty deep:
Gold of God's great sun.
Let these our colors be
Till all of time be done, done, done, done.
On seven seas we learn
Navy's stern call: Faith, courage, service true,
With honor, over honor, over all.