"(What's So Funny 'Bout) Peace, Love, and Understanding" was written by Nick Lowe in 1974. The original version with his group Brinsley Schwarz was kind of somber, but Elvis Costello made it a classic with his 1978 uptempo take.
Who writes a song about a name they found in a phone book? That's just one of the everyday things these guys find to sing about. Anything in their field of vision or general scope of knowledge is fair game. If you cross paths with them, so are you.