This is pretty close to Leon Redbone’s arrangement.
Intro: D D7 G G D D A A D/Gm D
G /D B7 E7 E7
How'd you like to spend Christ-mas _ on Christmas Island
A A7 D /D#dim A7
How'd you like to spend a holiday a-way across the sea
G /D B7 E7 E7
How'd you like to spend Christ-mas _ on Christmas Island
A A7 D D7
How'd you like to hang your stocking on a great big coconut tree
G Gm D B7
How'd you like to stay up late _ like the islanders do
E7 E7 A /E7 A7
Wait for Santa to sail in with your presents in a canoe
G /D B7 E7 E7
If you ever spend Christ-mas on Christmas Island
A7 A7 D /D#dim A7
You will never stray for every day your Christmas dreams come true
last time:
A7 A7 D D7
You will never stray for every day your Christmas dreams come true
G G D D A A D/Gm D