Wang Chung (thing)

Everybody have fun tonight,
Everybody Wang Chung tonight

Much like the word smurf, Wang Chung is used in a variety of grammatically indeterminate ways. Is it a proper noun or is it a verb? How exactly do you Wang Chung something? Can you Wang Chung some Kraft Dinner or is it more introspective?

Personally, I believe that Wang Chung is a state of shallow enlightenment which can only be achieved through the meticulous maintenance of executive rock gardens.