The song begins with a repeated siren, followed with a bassline and series of power chords which form the basis of the introduction and verses. The song's chorus describes a practical joke wherein a friend's body is covered in Coke fizz. The bassline of the song bears a resemblance to AC/DC's "Live Wire". The similarity is noted by Patrick Pentland in an interview with Chart magazine.
The music video for "Money City Maniacs" was directed by Mike Andringa, who previously directed Sloan's music videos for "The Good in Everyone" and "The Lines You Amend." The video consists of the band playing with intermittent freeze frames and faux-red colorization.