Is the Hokey-Pokey really what it is all about?

No. It is in fact the cha cha slide.

It is for me! I can't think of a problem in life that can't be solved by putting my right foot in, out, shaking it and turning myself around!

The Hokey-Pokey is a childrens' party-time dance that many have enjoyment in. The Words:

'You do the Hokey-Pokey and you turn around, that's what its all about!"

Suggest that they mean the song is all about Hokey-Pokey, which it is.

The name "hokey-pokey" originated, like "hocus-pocus", as a parody of the Roman Catholic liturgy of the Eucharist, which contains the phrase "Hoc est enim corpus meum"