Oy chodyla Stepanyda po vodu,
Ta y vpustyla sribni klyuchyky v vodu.
Ta raz, dva, try klyuchi, lyuli-lyuli,
Ta y vpustyla sribni klyuchyky v vodu.

A chto z moyi sribni klyuchyky znayde,
Toy zi mnoyu nochuvaty bude.
Ta raz, dva, try klyuchi, lyuli-lyuli,
Toy zi mnoyu nochuvaty bude.

Obizvavsya staryi chort, staryi chort,
A ya tiyi sribni klyuchyky znayshov.
Ta raz, dva, try klyuchi, lyuli-lyuli,
A ya tiyi sribni klyuchyky znayshov.

A ya tiyi sribni klyuchyky znayshov,
Ta y do tebe nochuvaty pryishov.
Ta raz, dva, try klyuchi, lyuli-lyuli,
Ta y do tebe nochuvaty pryishov.

A ya za ti sribni klyuchi zaplachu,
Z starym chortom nochuvat' ne chochu.
Ta raz, dva, try klyuchi, lyuli-lyuli,
Z starym chortom nochuvat' ne chochu.