Little Maggots

The waving not drowning part is from a poem by Stevie Smith.

Not Waving But Drowning
by Stevie Smith

    Nobody heard him, the dead man,
    But still he lay moaning:
    I was much further out than you thought
    And not waving but drowning.

    Poor chap, he always loved larking
    And now he's dead
    It must have been too cold for him his heart gave way,
    They said.

    Oh, no no no, it was too cold always
    (Still the dead one lay moaning)
    I was much too far out all my life
    And not waving but drowning.