Mr. Lee
The Diskettes have a few MP3s you can download from their website, including this cover "Mr Lee". Not really much to say, except that the Diskettes are a lo-fi band from Canada and their website is pretty confusing - all I wanted to do was look up a tracklisting of one of their album, and instead I just got lost in the text and pictures :/
I got the original song from the soundtrack to "Stand By Me". I picked up the re-issue of the DVD and it came with the soundtrack, which is always a bonus. One of my favorite Stephen King movie - and gasp, it's not a horror film!
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This reminded me of AGSFB's "Jason Lee"
http://agsfb.com/mp3s/Jason_Lee.mp3