A children's song

[verse 1]
Conceit is a murky pond
I don't want to bathe in it
In golden sunshine, it glistens
With ambitious swathes

[verse 2]
There's weird stuff floating around in it
Gangsta rap and presidents
I don't dare venture into this pond
They're all agents

[verse 3]
Why, how come, I don't know
They bathe in loose robes
Funny, funny to watch
Their noses always up in the air

[chorus]
We children from the neighbourhood
We don't want to bathe in it
We warn children who are new here
"You'll suffocate in these fumes"