I first heard this song on a version by my talented and entertaining friend, Lil' Rev. He gives a little bit of history in his GCEA-uke performance below. This performance was from the Portland Ukulele Festival in 2006. He's also a baritone ukulele player and has written a beginning baritone ukulele player book for Hal Leonard called, Baritone Ukulele Book One.
I also had a hand in getting Lil' Rev blogging and sharing his insights therein. You can see his blog by clicking, Fountain of Uke.