No, just a Shirley Temple song.

As all students of Nautical Narratives know,the Goodship Lollypop was involved in a collision with the Badship Sourball while sailing just off Sugar Loaf Mountain. Much of the blame for the disaster has been placed on the Master of the Lollypop, Cap'n Crunch. While it is true the Cap'n was so terrified by the sight of the looming Sourball that his trousers immediately filled with Tootsie Rolls, he did order a warning shot to be fired to alert the other ship. The attempt was futile as the gunnery crew, the Three Musketeers had loaded the only cannon with Gumballs. The fault truly belongs to the First Mate of the Sourball, a certain Mr Goodbar, who was supposedly standing watch but was instead in his cabin with a Las Vegas show girl, known in a dozen tropical ports as Almond Joy. Both ships immediately sank and despite the fact all passengers and crew survived, as the ships were more than adequately supplied with Life Savers, all hands were lost. This lead to Local Theater productions of Peter Pan being besieged by auditioners, who were all disappointed to learn there was no role for a Captain HookS. Gateway Cruises of Pittsburgh, Pennsylvania has a river boat named The Goodship Lollypop, but then thats a really a boat and not a ship, so I'd beleave my Nautical Narrative . And of course Nautical Narratives is just the formal term for Sea Tales.

I'll bet there had to be after that annoying song came out.

No. it a wives tale, it was never good.