By far, my favorite band as far as lyrics goes, has to be Cake. Their best lyric by far has to be:
"In a seedy karaoke bar
By the banks of the mighty Bosphorus
Is a Japanese man in a business suit
Singing, smoke gets in your eyes
And the muscular cyborg German dudes
Dance with sexy French-Canadians
While the overweight Americans
Wear their patriotic jumpsuits"
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Battlefield Bill by Neebs