The title means "chewing gum and banana," which refers to American and Brazilian music.
The lyrics, states the singer's fantasy of seeing American and Brazilian music joined, bebop in samba, Uncle Sam playing the tamborim, a small folk drum.
Uncle Sam has to learn that samba isn't rhumba (a Cuban dance).
Uncle Sam, playing a frigideira (a metal percussion instrument based on a frying pan), should join a Brazilian batucada, a percussion group.
It was in the first half of the twentieth century when Chiclets were a well-known American product in Brazil.