Not at all to be confused with Will Smith's "Wild Wild West
" in 1999, which is tied in with the 1999 film of the same title based on the 1965-69 TV series of the same title, this is the song by The Escape Club, released in 1988.
This song was very much ingrained in 1988. That's why they were "headin' for the nineties." Also, the line "she's so mean but I don't care; I love her eyes and her wild, wild hair" probably refers to punk rock women of the era, who would have a tough attitude and sport green spiked mohawks. "Waiting for the big boom" was probably a reference to Cold War paranoia and the fear of nuclear war. Oh, yeah, and "safe sex" was also a big buzzword in the late '80s, thanks to the fear of the newly-discovered AIDS. You kids are lucky that the '80s only lasted ten years.