Explanation
This is a rhyming phrase to help you remember the order of English monarchs from William the Conqueror through Henry V. Take the first letter of each word: Working Wives Have Seldom Had Really Jazzy Hemlines, triple-E Rubber bands Hardly Help → W-W-H-S-H-R-J-H-E-E-E-R-H-H, standing for William, William, Henry, Steven, Henry, Richard, John, Henry, Edward I, Edward II, Edward III, Richard II, Henry IV, Henry V.
Also see: Willy, Willy, Harry, Ste..., a longer traditional rhyme covering all English and British monarchs up to today.