The Slide by Tall Dwarfs, from the Dogma EP (1987)
(official video here - I couldn't get the embed code from this video to work with Blogger)
Tall Dwarfs were Chris Knox and Alec Bathgate. Known for their lo-fi and four-track recordings, they laid the groundwork for much of New
Zealand's Flying Nun Records and the bands that recorded for the storied label.