[1] The song was recorded by Leo Reisman and His Orchestra, with vocals by Lou Levin in November 1929[citation needed] and was featured in the 1930 film Chasing Rainbows.
[3] The song concluded the picture, in what film historian Edwin Bradley described as a "pull-out-all-the-stops Technicolor finale, against a Great War Armistice show-within-a-show backdrop".
"[5] The song is also associated with the Repeal of Prohibition, which occurred shortly after Roosevelt's election where there were signs saying "Happy days are beer again" and so on.
On a May 1962 episode of The Garry Moore Show, Streisand sang the song during the That Wonderful Year skit representing 1929.
She performed it ironically as a millionaire who has just lost all of her money and enters a bar, giving the bartender her expensive jewelry in exchange for drinks.
This 1962 version was re-released as a single in March 1965 as part of the Hall of Fame series with the 1962 recording of My Coloring Book.