I love this song. And this little whimsical performance most of all. It was recorded in a small room somewhere in the Pacific Northwest with some guy who I am familiar with. It came as an extra download on the DVD of Sunken Treasure Live in the Pacific Northwest. Jeff Tweedy first performed this as part of the collective, The Minus 5. But their version of Tweedy's The Family Gardener is, in my opinion, over produced. Here Tweedy's guitar is brought to the fore and we can hear the quizzical words interplay with the instrument nicely. Again, I don't know who the other guy is (the one in the right channel), but I like his harmony.
Below is an abstract from the DVD with Family Gardener and Satan, Your Kingdom Must Come Down. Enjoy.