“Good Times” was a song by The Easybeats released as a single in Australia in December 1968, and which appeared on their Vigil album with guest vocals by Steve Marriott. It was written by George Young and Harry Vanda.
In 1987, a cover version by INXS and Jimmy Barnes appeared in the Joel Schumacher film The Lost Boys. This version reached #2 in Australia, as well as obtaining chart positions in both the U.S. (where it peaked at #47) and UK (where it peaked at #18, in 1991). The INXS version was also used to promote the national Australia Made series of concerts that took place between Boxing Day 1986 and Australia Day 1987.
Notable cover versions
The song was performed on the Top 12 Results Show of the second season of Australian Idol in 2004. This version of the song was then released by the Top 10 finalists nearly four months after the live show. It was released as a one-track CD single and reached a peak of #53 on the ARIA Singles charts.
“Good Times” was also covered by the American rock singer Meat Loaf on his 1995 album Welcome to the Neighbourhood. This new version, credited to Vanda/Young/Durkee/Loaf/Russo, was titled “Runnin’ for the Red Light (I Got a Life)” and featured significantly different lyrics.
Edited Extracts from Wikipedia®