For twoferness, I searched YouTube for "drag jug band", and discovered this cover by drag artist Dusty Pörn and her puppet partner Gizzy.
"When the River Meets the Sea"
Written by Paul Williams, for the 1977 Jim Henson Studio TV movie musical, "Emmet Otter's Jug-Band Christmas", which I don't think I've seen. It's free on YouTube though, and under an hour.
Here's Emmet and his Ma Alice Otter singing it together in the movie:
You could argue that the movie itself involves some drag - humans "dressed" as puppet animals - plus Ma Otter is puppeteered by Frank Oz, and another female character is puppeteered and voiced by a man.
This is the second time in recent months that I've covered a song with a phrase (in this case the title) that sounds a lot like another phrase that is inexplicably illegal here in Queensland.