Hey let's party
  Let's get down
  Let's turn the radio on
  This is the meltdown
  Get out the camera
  Take a picture
  The drag queens and the freaks
  Are all out on the town
  And cowboy Jane's in bed
  Nursing a swollen head
    [Chorus]
  Sunshine Sally and Peter Ustanov
  Don't like the scene any how
  I dropped acid on a Saturday night
  Just to see what the fuss was about
  Now there goes the neighborhood
    The photo chick made to look sickly
  Is standing in her panties in the shower
  She plays the guitar in the bathroom
  While the police dust her mother's plastic flowers
  And Schoolboy John's in jail
  Making a killing through the U.S. mail
    [Chorus]
    This is the movie of the screenplay
  Of the book about a girl who meets a junkie.
  The messenger gets shot down
  Just for carrying the message to a flunkie.
  We can't be certain who the villans are 'cuz everyone's so pretty
  But the afterparty's sure to be a wing-ding as it moves into your
  city
    [Chorus]
    There goes the neighborhood
  There goes the neighborhood