Quid dico—Hic situs est? his potius sitis est.

Thus freely rendered by Oldys:—

Dead drunk here Elderton doth lie;

Dead as he is, he still is dry;

So of him it may well be said,

Here he, but not his thirst, is laid.

A MS., time of James I., possessed by J. P. Collier, mentions, in further confirmation:

Will Elderton’s red nose is famous everywhere,

And many a ballet shows it cost him very dear;