It was written by Paul & Storm (Storm DiCostanzo and Paul Sabourin). The song is thematically similar to the guitar-heavy car songs of the 1950s and 60s which were popularized by bands such as The Beach Boys and Jan & Dean.
Jonah: The Gallifreyan cruisers and the dudes of Arrakis
They all leave us alone
'Cause they know what the facts is
Got four fusion chambers and a tachyon hull
And a cherry pair of flood sealers keeping it cool
On the Kessel Run,
Tom & Crow: Yeah, nobody can touch her
Jonah: Let me be the Picard
Tom & Crow: To your Beverly Crusher
Jonah: The gangway's extended,
Tom & Crow: And we're ready to go
Jonah: Won't you come along, baby, In my UFO?
Tom & Crow: Surely no danger getting in a stranger's UFO
Jonah: She looks like a kitty cat But rides like an ace "Serenity" and "Slave I" can't keep the pace
All: Whitley Strieber and Roy Neary Gonna join in the race
Jonah: Yeah, my UFO's the coolest TTO in space From Altair IV
Tom & Crow: To New San Francisco
Jonah: We'll be catching gamma rays
Tom & Crow: In my flying disco
Jonah: You bring your pointy gun thingy
Tom & Crow: And Tom and Crow
Jonah: Yeah, would you come along, baby in my UFO?
All: Klaatu barada, na-no, na-no, make it so And climb into the side of a complete stranger's UFO
Crow (spoken): Don't do it. Don't do it. What a mistake.
Tom (spoken): Don't do it! No!