This 1989 song from THE CANNANES from Australia is as good a “What Goes On” Velvet Underground “homage” as I’ve ever heard, Modern Lovers and every New Zealand band that ever wrote a song combined. It liberally borrows from the burrowing-riff structure of that song while being a simple, straightforward and exceptionally pleasant pop song in its own right.
It’s called “Sound of the City”, and comes from their “A Love Affair With Nature” LP; apparently the one that Cannanes fans’ll tell ya is the one to get if you have to get just one.