Oh my - I have never heard *those* words to the rhyme - but these:
"Round and round the mulberry bush
The monkey chased the weasel.
That's the way the money goes
Pop goes the weasel..."

It was the tune on a windup jack-in-the-box I had when I was a kid.
And later thought the rhyme was something to do with the silk industry.

On Sun, Aug 17, 2008 at 8:05 AM, Malvary J Cole <[EMAIL PROTECTED]>wrote:

> The meaning I had heard was that the weasel was a hat - made out of weasel
> rather than more expensive pelts, and to pop something is to pawn it.
>
> So, when you think of the rhyme:
>
> Up and down the city road  (i.e. strutting around in your finery with your
> posh hat on you head)
> In and out of the Eagle (going into the pub for a drink or two)
> That's the way the money goes (when you buy the drink or two)
> Pop goes the weasel (you pawn the hat so you have more money)
>
> But I like the other explanation too, especially if the spoked wheel came
> around and 'popped' you on the head if you weren't paying attention
>
>
I like this explanation too.
-- 
Bev (near Sooke, BC on beautiful Vancouver Island, west coast of Canada)

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