Thanks for that!

For the record, someone else supplied me with the following:
el-wad el-wad el-wad da eih, shankouty // What's that guy, that guy, that guy? Shankouty!
el-wad el-wad el-wad da eih, shankouty // What's that guy, that guy, that guy? Shankouty!

elli ykoun kaddab wabu lama3a weyshaghel fe banat el-gam3a // The guy who's a big liar and tries to flirt with college girls
yeb'a l-wad da eih, shankouty // What does that make him? Shankouty!

welli beyes-har wayya l-shilla ye3akes fel-telefoon // The guy who stays up late with his buddies and says the opposite on the phone
weykallem fe Habibet SaHbu wa-yoghdor bih weykhoun // And talks to his friend's girlfriend and backstabs and betrays him
yeb'a l-wad da eih, shankouty // What does that make him? Shankouty!

elli maloush shoghl wa-mefalles wa-beyeshar lel-SobH yehalles // The guy who doesn't have a job, is broke, and stays up till the morning messing around with girls
yeb'a l-wad da eih, shankouty // What does that make him? Shankouty!

welli ykoun zayy el-barashoot law shafak ma3a nas // The guy who comes out of nowhere if he sees you with people
yigi yoHshor nafsu fel-'a3da wa-ma3andoush eHsas // And comes to butt in, sitting down without any consideration
yeb'a l-wad da eih, shankouty // What does that make him? Shankouty!

elli 3amel nafsu Valentino wa-koll banat el-koon 3agbinu // The guy who tries to act like Valentino and likes every girl in the universe
yeb'a l-wad da eih, shankouty // What does that make him? Shankouty!

welli elli ye3ashshem bent gamila wa-ya3mel basha wa hi // The guy who makes big promises to a pretty girl and makes himself look like a rich guy
ya3mellaha mel-baHr TaHina wey'ollaha bye-bye // Exaggerates a lot and then says bye-bye
yeb'a l-wad da eih, shankouty // What does that make him? Shankouty!

Combine it with your explanation, and all is revealed! Thanks guys.