What does a knick knack paddy whack mean?

Answer 1

It's time to give the dog a bone then go rolling home

Answer 2

So a loan officer is sitting in a bank when a frog hops in, dressed in a pin-striped vest. He hops up on her desk, looks at the name sign ("Patty Black, Loan Officer), and says "I'd like to take out a loan, please."

Surprised, she can only think to say "Um, do you have any collateral?"

The frog pulls out a miniature ceramic skunk and puts it on the desk. She says "What's that?"

The frog says "It's a ceramic skunk. It's my collateral."

She says "Um, just a moment, sir, let me get my supervisor."

She calls the supervisor over and explains the situation.

The supervisor looks at the frog, looks at the ceramic skunk, then turns to her and says:

"It's a knick knack, Patty Black, give the frog a loan."

Answer 3

its from a very old nursery rhyme which as used to teach kids how to count:-


This old man , he played one, (1)
He played knick knack on his thumb,
With a knick, knack, paddy whack,
Give the dog a bone;
This old man came rolling home.
-----------------------------------------
This old man , he played two, (2)
He played knick knack on his shoe,
With a knick, knack, paddy whack,
Give the dog a bone;
This old man came rolling home.
-----------------------------------------
This old man , he played three, (3)
He played knick knack on his knee,
With a knick, knack, paddy whack,
Give the dog a bone;
This old man came rolling home.
-----------------------------------------
This old man , he played four, (4)
He played knick knack on his door,
With a knick, knack, paddy whack,
Give the dog a bone;
This old man came rolling home.
-----------------------------------------
This old man , he played five, (5)
He played knick knack on his hive,
With a knick, knack, paddy whack,
Give the dog a bone;
This old man came rolling home.
-----------------------------------------
This old man , he played six, (6)
He played knick knack on his sticks,
With a knick, knack, paddy whack,
Give the dog a bone;
This old man came rolling home.
-----------------------------------------
This old man , he played seven, (7)
He played knick knack with his pen,
With a knick, knack, paddy whack,
Give the dog a bone;
This old man came rolling home.
-----------------------------------------
This old man , he played eight, (8)
He played knick knack on his gate,
With a knick, knack, paddy whack,
Give the dog a bone;
This old man came rolling home.
-----------------------------------------
This old man , he played nine, (9)
He played knick knack, rise and shine,
With a knick, knack, paddy whack,
Give the dog a bone;
This old man came rolling home.
-----------------------------------------
This old man , he played ten, (10)
He played knick knack on his hen,
With a knick, knack, paddy whack,
Give the dog a bone;
This old man came rolling home.
-----------------------------------------
This old man , he played eleven, (11)
He played knick knack up in heaven,
With a knick, knack, paddy whack,
Give the dog a bone;
This old man came rolling home.
-----------------------------------------
This old man , he played twelve, (12)
He played knick knack, dig and delve,
With a knick, knack, paddy whack,
Give the dog a bone;
This old man came rolling home.