Depending on what you think of as new-wavish, there was (or is) an amazing heavy metal version of it by Chris Impelliteri, from 1988, and on his album, "Stand in Line"--for some reason, people seem to think that it was Yngwie Malmsteen, or Steve Vai, or Joe Satriani, and it apparently is plastered all over the file sharing networks with some or all of those names on it---the CD is hard to find, and expensive(an import, at least in the US) but still in print--