The meaning and story of Parry Gripp's song "Penguin with a Funky Shoe (Funky Version)" is lighthearted and whimsical. The song describes a penguin who is wearing a funky shoe. The penguin becomes the center of attention in the zoo, as everyone wants to see his unique and funky shoe. The penguin goes about his daily activities, such as swimming and eating dinner, still wearing the funky shoe. Word spreads throughout the zoo, with the monkey, leopard, meerkat, elephant, and giraffe all being amazed by the penguin's funky shoe. The giraffe, who is high above the ground, exclaims in astonishment that it is indeed true. The song portrays the penguin's funky shoe as something special and desirable. It suggests that others would also want a funky shoe when they see how cool it looks on the penguin. Overall, the song is a fun and playful tale about a penguin and his funky shoe, bringing joy and amusement to the zoo animals and listeners alike.