* The word şinanay is impossible to translate. It is an exclamation word expressing pleasure (you can think of it as a word that describes all the feelings you express when you applause).
The island ferry (is a ) paddle steamer
It is covered with pompous flags
Pretzel (seller) coffee (seller) soda (seller)
Şinanay again my baby (kid) şinanay
Blows again the island wind blows
It pleases you (and) offends me
Who is in the luxury cabin
Şinanay again my baby şinanay
Şinanay again hopa şinanay (hopa is another exclamation just emphasizing şinanay)
Muslim jew and roum (meaning Greek orthodox in muslim country)
Athlete elderly and the sick (just means all kind of people, race, religion, different health etc are on the ferry)
Some of whose hair flows and some of whose skirt flows (with the wind)
Şinanay again my baby şinanay
Şinanay again hopa şinanay (hopa is another exclamation just emphasizing şinanay)