I remember the first time I heard that... Rush Limbaugh used it for an update intro for queer news back in the late 80's.
If you love 80s, this is one awesome song. I tried for years to find it on vinyl, finally one day it popped up on youtube.
You’ll thank me for it...
ROUGH TRADE - High School Confidential
http://www.youtube.com/watch?v=qsJHtzdvfKg