So, it's basically the poster song for the whole era.
I actually don't mind it, once you get over the cheesy lyrics, and the rather spontaneous arrangement, it's not a terrible song.
When it was first released, I actually didn't like it at all. I'm pretty sure I expressed that opinion on here when it was released, and I was one of very few who shared a negative critique. Now I'm at peace with it (and everybody else can't stand it LOL).