It was only a matter of time before a novelty record would appear, and here it is. It was the 3rd and final Top 40 hit for Stan Freberg who was a comedian.
This isn't a song as such, it's an audio clip about making some throwaway record in order to make money. Payola is the act of a record company paying a commercial radio station to play their music, which as the title suggests is what this records based on.
It's also mocking what is essentially manufactured pop music. He finds a teenager on the street who can't sing, but that doesn't matter, gives him a load of nonsense to sing, again that doesn't matter because this formula sells a lot of records. Maybe this is what originally inspired Simon Cowell.
What is said to have stopped this record selling more though was the title. Having the word "payola" in the title meant radio stations were reluctant to play it because of the payola scandal happening at the time.
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