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A joke, I guess

Elvis appears as co-writer, with Paul Simon and Bernie Taupin, of the song in this parody joke funny snide thing I don't quite understand.

Excerpt: "The tune, composed through the headline-grabbing collaboration of master songwriters Bernie Taupin, Elvis Costello, and Paul Simon, features nearly fifty popular recording artists who convened at Capital Records, Hollywood to contribute their talents.

“We are appealing to the RIAA to step back for a moment and consider the message they are sending with this song,” said Paul Bremer, Presidential Envoy to Iraq. “Although their intentions are good, this may be counter-productive in the long run.”