【歌詞】
On Top of Old Smokey

On top of Old Smokey,
All covered with snow,
I lost my true lover,
For courting too slow.

For courting's a pleasure,
But parting is grief,
And a false-hearted lover,
Is worse than a thief.

On top of Old Smokey,
All covered with snow,
I lost my true lover,
For courting too slow.

I lost my true lover,
For courting too slow.

【解説】
Smokey＝Great Smoky Mountains　North CarolinaとTennesseeの両州にまたがる米国の山脈
lover　「恋人」
for＝because of、as a result of
court　自動詞「求愛する」
pleasure「喜び、愉快」
part　自動詞「分かれる」
grief　「（不幸・喪失・死別などに対する）深い悲しみ」
false　not sincere or honest
false-hearted　「信義のない、裏切りの」
worse than ～　比較級
thief　「盗人」

米国で親しまれているフォークソングです。
上記の100円均一店版のほか、次のような歌詞もあります。
（というより、おそらくこちらが本来でしょう）

On top of Old Smokey,
All covered with snow,
I lost my true lover,
For courting too slow.

For courting's a pleasure,
But parting is grief,
And a false-hearted lover,
Is worse than a thief.

A thief will just rob you,
And take what you have,
But a false-hearted lover,
Will lead you to your grave.

The grave will decay you,
And turn you to dust,
Not one boy in a hundred
A poor girl can trust.

They'll hug you and kiss you,
And tell you more lies,
Than crossties on a railroad,
Or stars in the sky.

So come ye young maidens,
And listen to me,
Never place your affection
In a green willow tree.

For the leaves they will wither,
The roots they will die,
And you'll be forsaken,
And never know why.

また、有名な替え歌として次のようなものもあります。

On Top of Spaghetti

On top of spaghetti,
All covered with cheese,
I lost my poor meatball,
When somebody sneezed.

It rolled off the table,
And on to the floor,
And then my poor meatball,
Rolled out of the door.

It rolled in the garden,
And under a bush,
And then my poor meatball,
Was nothing but mush.

The mush was as tasty
As tasty could be,
And then the next summer,
It grew into a tree.

The tree was all covered,
All covered with moss,
And on it grew meatballs,
And tomato sauce.

So if you eat spaghetti,
All covered with cheese,
Hold on to your meatball,
Whenever you sneeze.

On Top of Old Smokey の歌詞の分析が次のサイトにあります。
英文詩や、その教え方に関心のある方向けです。

（サイト名）PoetryTeachers.com
（副題）how to teach poetry・poetry theater・poetry activities

【大意】
雪におおわれたスモ―キー山脈の頂きよ、
私は恋人を失った
愛を語るのが遅すぎたために

求愛は喜び、別れは悲嘆
裏切りの恋人は盗人よりも悪い