The Nazz was Todd Rundgren’s band in the late 60’s.  This psych-pop song was highly influential on 70’s power-pop bands as they formed.  Interestingly, these guys, along with the Move, were pioneers in both power pop and progressive rock.  Genres were fluid then, still formulating, so bands picking up on the experimental pop of the Beatles often found themselves pulled in both directions.  By the mid 70’s the lines were clearer, and by the late 70’s prog-rockers and power-pop/punk guys barely spoke to each other.