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Lou Reed began his musical career on the backing of pop artist Andy Warhol, who promoted Reed’s band the Velvet Underground amongst his own work with artists, directors and bohemians. Eventually Reed took control of the Velvets, the Velvets broke up and Warhol and Reed broke up. Reed began a solo career that was far less radical and far more commercially successful than his Velvets work. ‘Hangin’ Round' is Reed’s bitch slap against the Warhol crowd – funnily enough, taking aim at many characters he used to be.

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