"Billy was a bad man And carried a big gun. He was always after greasers And kept them on the run." Billy shot a white man "every morning." But one day he met a worse man, "And now he's dead and we Ain't none the sadder."
From the Fife text it is not clear whether this song actually refers to Billy the Kid; since Billy was white, it would appear not. But they may have other versions which imply otherwise. - RBW