You have almost certainly heard this song. It is a very common piece of background and
advertising music, generally used to evoke a mood that is
raucous, but without the
drugs,
violence, and
edginess we associate with out-of-control
parties of the
modern era. It's simultaneously
headbanging and sort of
quaint, due to the fact that it was written before most listeners were
born.
The most widely-distributed use of this song is probably the
Chips Ahoy! commercial with the
bouncing cookies.