The Fred Rose composition connects Gene with Willie Nelson, Elvis Presley and a host of others.
The best 80s music videos not only defined the decade, they influenced fashions and elevated the music video to the status of high art.
CBS will fill the 7 June timeslot with a broadcast of the rare sing-along edition of the 1978 film.
The historic concert played a vital role in raising in excess of $9.5 million towards national bushfire relief.
The star-studded show, to help raise funds for the country's bushfire relief efforts, will also feature Alice Cooper, k.d lang and many more.
The mega-hit tops the chart ahead of two other singles from the same year of 1981.
The 30-year record industry veteran is responsible for giving The Beach Boys their name.