a tramp who camps one night by a pond (billabong) while having tea. A sheep (jumbuck in Australian English) comes to drink water and the vagabond steals it to eat. The owner realizes this and calls three police officers to arrest him. The vagabond, before being arrested for stealing the sheep, prefers to throw himself into the water and drown. The song ends by telling that the ghost of the tramp is heard singing a song that invites travelers to dance with him, that is, to go out on the roads and travel on foot.