In 1976, this must have meant something to somebody. Of course, I believe this came from Soviet Russia, so it was the peak of entertainment for the USSR.
Loose translation of this song, I think: "I am very glad, in fact I, at last, I come back home"
Eeei, ya ya ya yah, indeed.
PS - LOST fans, doesn't this dude look like Jacob?
PSS - Where can I get a hairpiece like that?
Thanks to our funny friends @ FancyPipes
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Scary, but yes he definitely looks like Jacob... had no idea he had ties to the USSR and the Island?
The expession on my face after watching that is the same as after seeing "my first goatse"...
Christoph Waltz parody of this from Jimmy Kimmel.
http://www.collegehumor.com/video:1930240?utm_source=feedburner