This Niggun Chabad was originally sung by Reb Michoel Teitelbaum A"H to the famous Ba'al Menagen Avrem'l Charitonov (from crown heights).
Reb Michoel's father, Reb Chaim Moshe, was a Chossid of the Rebbe Rashab.
One year on Simchas Torah the chassidim were dancing in shul for Hakofos in a circle and he was dancing in the middle. The Rebbe Rashab joined the inner circle and put his hand on Reb Chaim Moshe's shoulder and danced with him for a period of time to this Niggun.