That charming little ditty Simon is singing is a little old fight song which is sung at all games played by the Nebraska Cornhuskers.
Now, gentle reader, if you've ever run across anyone from Nebraska (they do get out from time to time), you will discover that Nebraskans are not simply "fans" of their college football team. It's more like a cult.
If you would like to check out some catchy college fight songs (alas, this one is inexplicably not on the site), you can click here. The site does, however, have the Northwestern University fight song. Since both Waylaid authors hold degrees from that auspicious institution, you owe it to yourself to listen.
If you are hell-bent on learning more about the obsessions of Cornhusker fans, click here or here.