I must say that whenever I've heard the song with an audience, they've quite loved it, as did the audience at the 10th anniversary production, roaring with laughter and cheers at the end. I like the song, but -- well, I've never been able to understand all the words. To me, when the rollicking chorus comes along, I hear --
Master of the House
Everybody loves a landlord
In the end.
Happily, when finding the 10th Anniversary version yesterday I also came across the same rendition (with Alun Armstrong and Jenny Galloway) with the lyrics superimposed So, I now know what the song is about. And it's cute and clever.
Perhaps others are like me and don't exactly know all the words. If so, I offer you the same pleasure -- the words of the song! Follow the bouncing ball. If there was a ball...