Bowie himself regards it as one of his worst songs.
He’s not wrong. The Alvin and the Chipmunks high-voices, the tortured puns… it’s just horrible. Except for the music. Musically, it’s one of the strongest pieces of his work to that time. It’s the lyrics that let it down.
However, on the plus side, Bowie performed it for an audition in 1968 and failed to get the part – which meant that he continued to record pop music instead of pursuing a career in cabaret.