"Lustig reed he" is of an old man who wanted to ride a horse but had neither horse or necessary accoutrements. He had an equally old loving wife who was prepared to improvise for the missing items by using much fantasy and normal household articles. Naturally enough, the result was very jolly.
It's a jolly tune which Bernd Gerken in the Idle Fellows sang so well and I much enjoyed belting out the chorus "Lustig reed he, ja, lustig reed he".

1. Ol Mann, de wull rieden un har gar keen Peerd.
    Ol Fruu, de nehm Tegenbock, set den oln Mann darob.
    Lustig reed he, ja, lustig reed he.

2. Ol Mann, de wull rieden un har gar keen Saddel.
    Ol Fruu, de nehm Wichelblatt, ob den Bock längs geiht dat.
    Lustig reed he, ja, lustig reed he.

3. Ol Mann, de wull rieden un har gar keen Toom
    Ol Fruu, de nehm Hemdensoom, knüpt den ol Mann 'n Toom.
    Lustig reed he, ja, lustig reed he.

4. Ol Mann, de wull rieden un har gar keen Hoot
    Ol Fruu, de nehm Butterpott, stülpt oln Mann op'n Kopp.
    Lustig reed he, ja, lustig reed he.

5. Ol Mann, de wull rieden un har gar keen Pietsch
    Ol Fruu, de nehm Bessenries, mokt den Oln Mann Pietsch.
    Lustig reed he, ja, lustig reed he.

6. Ol Mann, de wull rieden un har gar keen Spoorn
    Ol Fruu, de nehm Wicheldorn, mokt den Oln Mann Sporn.
    Lustig reed he, ja, lustig reed he.

7. Ol Mann, de wull rieden un wüßt nich den Weg.
    Ol Fruu, de nehm Tüdelband, tüdelt den Weg hentlang.
    Lustig reed he, ja, lustig reed he. (x2)