I Saw Three Ships is a traditional and popular Christmas carol from England. It is often regarded as a children's song, due to the simplicity and repetitiveness of its lyrics. Some sources assert that this song is "an upbeat variant of Greensleeves", which has a similar meter.
Lyrics
Version from "Christmas Carols, Ancient and Modern", by William Sandys, 1833:
There are plenty of traditional versions of this that have been collected/ recorded in the UK. Here is the text of a version traditional in the repertoire of the romany traveller family, the Brazil family of Gloucester as sung by Lemmy Brazil, recorded by Peter Shepheard in the 1960s:
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