If you're going to call your movie a 'rock and roll fable' (which the title card does), you have better have a truly fist-pumping, kickass soundtrack. And this movie delivers, in spades. If the music has a familiar "feel" to it, that's because the opening and closing songs are by Jim Steinman, the genius behind a few things you might have heard of: Bonnie Tyler's "Holding Out for a Hero" and "Total Eclipse of The Heart," and most of Meat Loaf's "Bat Out Of Hell" trilogy.
It starts off with the opening song, "Nowhere Fast", and ends with the closer, "Tonight Is What It Means To Be Young". In between, you've got the Fixx, the Blasters (twice), Ry Cooder, and an entire album full of fantastic music. There is no bad music at all, or even music which is only merely "good." The music in this film is simply and utterly extraordinary.
"I Can Dream About You" is an Ear Worm, and one of the performers is Robert Townshend.