We had four interpretations of the little ditty.
Kevin Farnell, PaulK, Brian (Fly Texas) and Joe (Airboatr)
Basically, for those who weren't in the four:
WunWun was one racehorse.
Tutu was one, too.
Wunwun won one race,
Tutu won one, too!
I first saw it in my sixteen year old girlfriend's autograph book.
It's OK, I was 18 at the time, and we later married.
The awards have come off the factory floor.
The blokes who brought them in to me said "Here's your Smartarse badges."
I asked the drawing office what the letters stood for, and they said "Superior Academic" of course.
I'll leave it to you to decide