The singer is "a loyal Orangeman, just come across the sea." He loves to sing and dance and -- on the Twelfth -- wear his father's sash. He is returning to Dromore but he hopes to come back again to be welcomed by his brethren.
Searching the web for an "accepted" text I found both versions I and II. The text of this version is very close to that of "The Hat My Father Wore," sharing many lines in each verse and substituting Orange references for Green. - BS