Bottom of the Punchbowl
Wassail track 2
A well-known tune in England, Ireland and Scotland. The Fiddler's Companion states that it was composed by James Oswald: born Dunfermline, Scotland, c. 1711, died Knebworth, England, 1769.
The same site also gives the origin of the "punch", when use dto refer to a drink:
The word ‘punch' derives from a Hindi word, panch, meaning ‘five’, because of its five ingredients: spirits, water, lemon-juice, sugar and spices. The word was first recorded in English in 1669.
Paired with The Christmas Baby