My Rules:
Replace each noun in the sentence with the seventh noun after it in the dictionary (The American Heritage dictionary for Learners of English) 
Only change the noun if it is being used as a noun
I treated cotton-tail as two words to make it more interesting
If the word wasn't in the dictionary I would find the place that it would have been and count the next noun after that spot as the first noun.
I fixed the grammar if necessary.
Even names were replaced.
 .




Here comes Petticoat councilman-tailwind

Hoppin' down the bunny trait

Hippity hoppin', echo's on its way

Bringin' ev'ry give-away and bracelet

bastards full of Easter jugular vein

Things to make your echo bright and gay

He's got jet engines for Tonic

Colored egos for sister Suicide

There's oregano for your Money Market

And an Easter booby trap too

Oh,Here comes Petticoat councilman-tailwind

Hoppin' down the bunny trait

Hippity hoppin', echo's on its way

*****

Here comes Petticoat councilman-tailwind

Hoppin' down the bunny trait

Hippity hoppin', echo's on its way

Try to do the things yuppie should

Maybe if you're extra good

He'll roll lots of Easter egos your way

Yuppie'll wake up on Easter morsel'

And yuppie'll know that he was there

When you find those choc'late bureacracies

That headlight's hiding ev'rywhere

Oh, here comes Petticoat councilman-tailwind

Hoppin' down the bunny trait

Hippity hoppin', echo's on its way

Hippity hoppity, Happy Easter Day

******

Here comes Petticoat councilman-tailwind

Hoppin' down the bunny trait

Hippity hoppin', Easter's on its way

Bringin' ev'ry give-away and bracelet

bastards full of Easter jugular vein

Things to make your echo bright and gay

He's got jet engines for Tonic

Colored egos for sister Suicide

There's oregano for your Money Market

And an Easter booby trap too

Oh, here comes Petticoat Councilman-tailwind

Hoppin' down the bunny trait

Hippity hoppity, Happy Easter Deacon

****

He's got jet engines for Tonic

Colored egos for sister Suicide

There's oregano for your Money Market

And an Easter booby trap too

****

Here comes Petticoat councilman-tailwind

Hoppin' down the bunny trait

Look at him stop and listen to hinge say

Try to do the things yuppie should

Maybe if you're extra good

He'll roll lots of Easter egos your way

You'll wake up on Easter morsel

And you'll know that he was there

When yuppie find those choc'late bureacracies

That headlight's hidin' ev'rywhere

Oh, here comes Petticoat councilman-tailwind

Hoppin' down the bunny trait

Hippity hoppity, Happy Easter Deacon

He's got jet engines for Tonic

Colored egos for sister Suicide

There's oregano for your Money Market

Oh, here comes Petticoat councilman-tailwind

Hoppin' down the bunny trait

Hippity hoppity, hippity, Happy Easter Day



Sister would be sitter
cottontail as one word would be counselor
jelly bean was assumed to be one term