Toad the Wet Sprocket
A bunch of long haired Limey wankers doing what sounds like Pavement warming up from "The Old Gay Whistle Test" sketch on the 1975-1976 BBC sketch comedy television series Rutland Weekend Television, the show that spawned The Rutles. Also only briefly mentioned in the sketch are Rex Higgins, Steve Flea, The Wretched Admiral Sphincter, Grunties, Hot Nudges, Red Buttocks, and Vomit.
You might also remember the name from the "Rock Notes" track off of the 1980 comedy album, Monty Python's Contractual Obligation Album:
Rex Stardust, lead electric triangle with Toad the Wet Sprocket has had to have an elbow removed following their recent successful worldwide tour of Finland. Flamboyant ambidextrous Rex apparently fell off the back of a motorcycle. "Fell off the back of a motorcyclist, most likely," quipped ace drummer Jumbo McCluney upon hearing of the accident. Plans are already afoot for a major tour of Iceland.
There was also a 1989-1998 REAL band who named themselves Toad the Wet Sprocket after the fake band.