I learned this very fine song from none other than Bernd Gerken, of course who also sang it in the Idle Fellows
. It's a longish dirge of a young lady deserted by her lover and is despairing of the future and thinks that suicide is her only way out. There is some delightful alliteration in "... Schimp un Schann un Sünn" as well as ".. flink un frank" or "...blink un blank".
Surfer Anja Meyfarth wrote in December, 2001 that the song was written by Klaus Groth, thanks a million Anja!