In a 2013 interview with Glam, Owl City tells us why he made this song:

Oreo came to me personally a few months back and said, “We want to create an anthem, sort of a theme song, for this campaign which is… Read More [Verse 1]

Wonder if I gave an Oreo

To the big bad wolf, how would the story go?

Would he still go huff and puff?

Or would he bring those pigs cool stuff?

To decorate the deck he helped them build

Would they not get killed?

[Verse 2]

Wonder if I gave an Oreo to a vampire in a creepy show?

Would he not act so undead?

Would he thirst for milk instead?

I've just got this feeling that it might work out alright

[Bridge]

'Cause cream does wondrous things inside a chocolate sandwich dream

If I gave them to great white sharks

Would they share them with baby seals?

Would they call up a giant squid for a friendly meal?

[Outro]

Wonder if I gave an Oreo?

Wonder if I gave an Oreo?

What if I gave an Oreo to you?