There's something that I'm watching
Means a lot to me (something that I'm watching)
There's something that I'm watching
Means a lot to me (something that I'm watching)
It's a broken banjo bobbing
On the dark infested sea (something that I'm watching)
It's a broken banjo bobbing
On the dark infested sea
In early jazz, mostly coming from New Orleans, the banjo was more often used than the guitar. ( Source ) 

Banjo