Sounds to me like FZ was having a dig at Ray Collins and his acid burnout with Oh In The Sky. Hasn't anyone else noticed the chord progression is almost exactly the same as for Love Of My Life?
Matter of factly, the song most overtly satirises The Paragons' song "Let's Start All Over Again". FZ thought this song had the "most moronic piano section" ever (he did mean it as a compliment in a way). The guitar/sax quite literally quotes the piano part and of course Roy's lead vocals are a bit more of a stringent send-up of the high falsetto singing. http://www.youtube.com/watch?v=7Yf6LYSj9N4