Phil the Greek has been a sobriquet for years. This is a Scottish rebel song from just after the coronation, which was very popular in folk clubs then. It is called the Scottish Breakaway and is still available on Youtube
O, Scotland hesna got a King,
And hesna got a Queen,
For ye canny hae the saicint Liz
Whan the first yin's never been.
Chorus:
Nae Liz the Twa, nae Lillibet the Wan,
Nae Liz will ever dae,
We'll mak oor land republican
In a Scottish breakaway.
Her man's cried the Dukey Edinbury,
He's wan o the Kiltied Greeks,
O dinna blaw his Kilts awa,
'Cos Lizzie wears the breeks.
He's a handsome man an he looks like Don Juan,
He's beloved by the weaker sex.
But it disnae really matter a damn,
'Cos it's Lizzie signs the cheques.
Noo her sister Meg's got a bonnie pair o legs,
But she didnae want a Tally or a Greek,
She fancied Peter Townsend but,
They sent him up the creek.
Sae here's tae the Lion, the bonny Rampant Lion,
An a lang streetch tae its paw,
Gie a Hampden Roar, an' we're oot the door:
--An ta-ta, ti Chairlie's maw.
Chorus