Drink It Down is a traditional American drinking song found in many variants. The drink varies from stanza to stanza but the common refrain is "Drink it down ! Drink it down !"
In Charles Samuel Elliot's 1870 collection of Yale College songs the refrain goes:
Here's to good old Yale, 
drink it down, drink it down, ...
In the version cited by Jack London in "The Strange Experience of a Misogynist" the refrain goes: 
"Here's to the good old whiskey, 
For it makes you feel so frisky, 
Drink it down ! Drink it down ! Drink it down !""
Elements of the traditional song were used in "Drink It Down", a 1936 song by Ralph Rainger and Leo Robin, first sung in the film Rhythm on the Range (1936) by Leonid Kinskey and Bing Crosby, accompanied by Bob Burns.
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