In the beginning I misunderstood but now I've got it, the word is you and flange pulling your hoods.
The word is love, 'skopey. Haven't you heard?
The cheeky wordplay, the vocals, the SPACE the song creates for itself within 2 and a half minutes, the subtle trippy feeling created the groove and lyrical repetition and the organ, and just the CONFIDENCE that the song is almost exploding with, all of this makes it one of their peak moments for me.
Great harmonies too. It's always been a favourite of mine, it's The Beatles at their most soulful and propulsive.