This is a smoking early piece of Texas punk in the “KBD” style from a lost band called BOY PROBLEMS. I found it on a 7" bootleg comp I bought many years ago called “Sacred Cattle”, and if you believe what you read here, the track is not even called “Participation” at all, but rather “Precipitation”. 

I’d date it at about 1979 or 1980, tops. What do you think?