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.