This song is from the movie "The Adventures of Buratino" ("Приключения Буратино") 1975, USSR.
Based on Alexei Tolstoy story "The Golden Key, or Adventures of Buratino". 1935

I've thought, why not make this version of a song? So here it is, a song from children soviet movie, with english subtitles.
Translated by me. Enjoy!

This video is recommended to watch with russian subtitles for education purposes for people who want to understand russian language.

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