I do know that this song is not great for the reason you think it is.
The true genius lies in the bass line. It's most clear about 11 seconds into the song, when it's only got the dialtone keyboard part to deal with, and then it takes a backseat once the "Oooo-ooooooooh Bawaheeawwheeewehwehwehweh" comes in. But for about 22 seconds, quel bass line. I've never gotten half-naked and wrestled with Baccus, Roman god of wine, in an inground pool filled three feet deep with mineral oil. But because I've heard this bass line, I have a pretty good idea of what that feels like.
And the rest of the song's great, but it's indistinguishable from anything Better than Ezra or The Toadies or Primitive Radio Gods might have come up with, but who really gives a shit once you've wrestled with the Roman god of wine, you know?