Dick Damron recorded a single in 1976 titled SUSAN FLOWERS b/w WAYLON'S T-SHIRT (RPA 7621). There was another single released under the name Dick Dameron (sic): WAYLON'S T-SHIRT b/w NORTH COUNTRY BLUES (Condor 133).

That's all I've been able to find about the song.

This information was gleaned from Wikipedia and from web sites that are offering 45-rpm records for sale.