he climbed up the empire state building, it was like a phallic symbol

Tom Waits not only covered "King Kong" by Daniel Johnston, but he also rendered Charles Bukowski’s poem "Nirvana" into a track on his ambitious 3-disc release, Orphans: Brawlers, Bawlers & Bastards.

Nirvana
King Kong

Daniel Johnston: King Kong [wicked-cool song]
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Buy Orphans: Brawlers, Bawlers & Bastards here.