Yes it is Liz Phair, its on the Saturday Morning Greatest Cartoon Hits CD

2:09 I just love the Third Verse here, too bad not many people are even aware of this verse, come on everyone, Lets all Sing it together: Two Banana, Four Banana, One Banana, Three Swingin like a bunch of monkeys hangin from a tree Hey there everybody won’t you come along and see How much like banana splits everyone can be.

I remember this. Had the CD as a kid. This version's by Liz Phair with Material Issue.

I think it was by a band called Material Issue with Liz Phair on vocals,but dont quote me on it

this is the unknown version