"Eighties Fan"
Not sure about it sounding C86 as I always thought the C86 movement was a lot rougher and more shambolic than this. This is more epic 'Sarah' records-ish(if epic 'Sarah' record isn't too much of an oxymoron).
It's a fantastic song though, and others should check out their album 'Biggest Bluest Hi-fi' especially the track 'Eighties Fan'. That particular track can be downloaded from their Myspace page, along with some other treats.
Incidentally, it's cool when song titles respond to each other like the above, and of course 'Steven, It Was Really Something' by The Associates.