Well I never!

Like the others, I thought it was go by. And that the scarf was Africa, The actual words are

"You walked into the party
Like you were walkin' onto a yacht
Your hat strategically dipped below one eye
Your scarf it was apricot
You had one eye in the mirror
As you watched yourself gavotte"

So, yes, yacht, apricot, gavotte. It all rhymes! Which is a shame as I liked it more when it didn't :-D