It's in waltz time, with a strummed electric guitar intro followed by female vocals, bass & drums. There's a short female vocal counterpoint part, then the louder chorus. Towards the end the song changes key with a solo guitar figure, joined then by bass, then the the synth & drums enter in a musical explosion that's really cool.
I did'nt like this song at first, liking the rest of the album("Winds Take No Shape") better but the song has grown into one of my favorites on this record.
The full album is one of my favorites of the decade, second only to "Flying Saucer" by Astronaut Wife.

From all the summery pop music on this site, think you'll love this song from the Californians Call and Response about the simple joys of rollerskating.
You can download it for free (and legally) from http://www.epitonic.com/files/reg/songs/mp3/Call_And_Response-Rollerskate.mp3 so why not give it a listen.

Just a perfect, perfect pop song. Makes you wanna dance and groove along, but at the same time it's soo unbelievably sweet and a just a liitle melancholy. It starts with a drum beat, and then there's this bass-and-drums groove for a few seconds. Then a little sweet electric piano line enters, just before the voice begins singing the melody: "I'm drinking stars up in the sky, you know where you are / I'm driving cars around your house, it seems so fun". When it's time for the chorus ("So listen to my bubble go pop / I'm coming in, I'm coming over the top"), the main voice sings over a backing vocal doing an "ooh" harmony, and then there's absolute genius backing vocal, where the word "pop" becomes "papapapa". After that, a little guitar riff/solo, along with a very cool electric piano line. Then it just repeats everything all over again one more time, for infinite happiness. The time for a middle break has arrived. A new funky bass groove with lots of different "papapa"s harmonizing together. Now, go back to the first bass-and-drums groove, with a jazzy, relaxed guitar solo, and then it's just grooves and grooves and heavenly harmonies, "Blowin' bubbles".