This was the opening track from Roxy Music's second album, For Your Pleasure. Frontman Bryan Ferry told The Mail on Sunday June 28, 2009: "I had long been a fan of Cole Porter and other songwriters from his era." He added that this song, "was an attempt to emulate that style of writing, with a lot of cultural references that I found interesting."
Brian Eno, who went on to become a very successful and influential producer, played synthesizer in Roxy Music, leaving after the For Your Pleasure album. One of the many groups he inspired was OMD, whose lead singer Andy McCluskey told us, "Apart from loving the first 2 Roxy Music albums, Eno was our hero because he taught how to make interesting music on ordinary instruments. We couldn't afford synths in the early days. He also championed music on cheap instruments. That's all we had."
German synthpop band Alphaville covered this on their 2003 album, CrazyShow.