There's a podcast about it that's quite good. I never used to understand a lot of the references but I liked it anyway.
Billy Joel hates it apparently and I will admit it's no American Pie.
I like "Chubby Checker Psycho Belgians In The Congo".
I don't like the bit about coca cola wars, that wasn't actually a seismic event, probably was just on the news during the 15 minutes it took him to write the song (although it turns out now that coca cola have been taking hits on Colombian citizens, but we didn't know it at the time).
I also don't like the trite line about JFK. "What else do I have to say?" Well I dunno Billy, you're the one writing the damn song so you should put the effort in and say something at least. Lazy bastard.