YouTube Spotlight: "Children's Favorites" LP

Forgive me for using the Sesame Street YouTube Spotlight post to share a video from the playlist that is not from Sesame Street. We did stuff the playlist with Sesame clips, and yesterday's Power Rankings featured 10 more. Instead, then, let's take another look at this "Children's Favorites" LP ad that Mike mentions on the pod:

83 tracks sounds like a great deal! You have to love the song selection, too.

I tell you, though, the animation is almost bizarre, and this ad really puzzled me when it aired (and it aired a LOT) back in the day. The most baffling moment is the clip at--Wait! There are TWO "Children's Favorites" LP ads! I included both of them, but THIS is the one I want to focus on today. In particular, go to the 26-second mark.

What IS this song? The only time I ever heard this tune is watching this ad.

"Boom, boom! Ain't it great to be crazy?
Boom, boom! Ain't it great to be crazy?"

Is this an actual children's favorite or some kind of psy-op?

I just looked around, and after 40 years of wondering, I know know this IS a kiddie standard. The likes of Barney the Dinosaur and Mickey Mouse covered it. I must have been deprived. After hearing the cloying (even in context) version on "Children's Favorites," I felt more depraved.