King Missile novelty hit with the lyrics "I can leave it home, when I think it's gonna get me in trouble / or I can rent it out, when I don't need it"

Answer for the clue "King Missile novelty hit with the lyrics "I can leave it home, when I think it's gonna get me in trouble / or I can rent it out, when I don't need it" ", 15 letters:
detachablepenis