My whips are ryan, on the wheel in wheel

The story:

I was in my car listening to my Grease cd, singing this song to the top of my lungs, and my husband was like, "Um, honey, I don't think that's what he's saying". So, I checked the lyrics on the internet when we got home and felt ridiculous. I've been singing it this way all of my life and had no idea what it meant, but figured it was at least "right". LOL