The subject of the song is Mary Hill, a girl who has sexual liaisons with various boys at the titular Cherry Hill Park, as noted in the barely disguised double entendre lyrics. However, she "marries away" to a "man with money". As a result, she stopped coming to Cherry Hill Park.
Different mixes of this song exist, some with additional background vocals in the song's bridge, others in varying lengths, the longest version available being 3:17, with an extended finale running 33 seconds longer than the common single version.