The Song:

In order for it to feel more authentic, Beck filled out his Song Reader book with a number of song fragments and melodies, and even fictional album collections and made-up song titles. This is a song from the Male Quartette Collection, the greatest book ever compiled.

Many of the song titles on the back of "Saint Dude" are references to older sheet music/songs. In my research, I didn't find anything with this phrase, but it certainly could be some old song phrase.