This song may very well have been sung at sea, but I have never run across it in a sea chantey collection. It may be non-traditional, but it certainly describes a traditional situation. Sailor comes ashore after a long sea voyage. Having not had any chance to spend his wages while at sea, sailor has a lot of money. Sailor proceeds to make up for all the chances he missed while at sea. Money now gone, sailor ships out again to make some more.