[2] The song was later used in the English production of Wake Up and Dream (1929)[3] and was used as the title theme music in the 1933 Hollywood movie Grand Slam starring Loretta Young and Paul Lukas.

[5] The first of Porter's "list songs", it features a string of suggestive and droll comparisons and examples, preposterous pairings and double entendres, dropping famous names and events, drawing from highbrow and popular culture.

Porter was a strong admirer of the Savoy operas of Gilbert and Sullivan, many of whose stage works featured similar comic list songs.

With "Let's do 'it'" a euphemism for sexual intercourse in English, author Sheldon Patinkin wrote that it was "the first hit song to proclaim openly that sex is fun.

"[1] The author of Staging Desire: Queer Readings of American Theater History drew a line from Porter's use of barely veiled double entendres such as "Moths in your rugs do it, What's the use of moth-balls?"

For example, in 1955 the lines "Even Liberace, we assume, does it," "Ernest Hemingway could just do it" and many more were added by Noël Coward in his Las Vegas cabaret performance of the song, in which he replaced most of Porter's lyrics with his own.