The lyrics begin to describe an ideal fantasy woman beginning with the simple desire for a woman with a short skirt and a long jacket and go on to become much more elaborate and very specific, as if to tell a story about a particular woman.
The details range from mundane (At Citibank we will meet accidentally/We'll start to talk when she borrows my pen) to archetypical and hyperbolically poetic (With fingernails that shine like justice/And a voice that is dark like tinted glass.). The woman is likened to an investment portfolio on the stock-market, in that she should have the "right allocations", "with uninterrupted prosperity", "with a smooth liquidation" and "good dividends". The lyrics suggest a girl who has left the party lifestyle and joined corporate America, switching from an expensive sports car to a more affordable family car. (She's changing her name from Kitty to Karen/She's trading her MG for a white Chrysler LeBaron).
John McCrea said the song was "about prosperity and depression" and the strange behavior of the human mating ritual.
The associated music vox pop video is composed entirely of people listening to the song on headphones and their reactions. Because of the song's unusual structure, the responses include enthusiasm, critique, and apathy; some dance, while one Ralph Walbridge, poet, gives the headphones back partway through, stating "uh... I've heard it all a million times, all the way back to all of the old records - which were much better - when they first came out, back in the 1940s." Other comments include Bruce Thiessen's "as a psychologist, I'd have to say it has therapeutic value because it releases something deep inside".
MuchMusic released an official "Canadian" version of the video that uses footage of people in Toronto, near its headquarters. The video humorously censors some foreign words spoken by non-English speakers due to the words' strange pronunciations.
There were various versions of this music video. Additional versions were filmed after the record company suggested the first video would not hold up well to repeated viewing. The videos filmed for an estimated cost of less than $20,000. The Mexican version was directed by Alejandro "Chicle" and edited by Alejandro Davalos Cantu.