I think for new bands a cover song can be quite a good thing, it can be fun for the band as it allows them to reinterpret an already known song into something new, and for the audience it gives them a new take on an old song they know. A crowd pleaser, even.
Anyway we are have troubles even thinking of one. We want to do something that people would know, but at the same time not something too obvious, such as Creep or Teen Spirit. I wouldn't like to do anything in the charts either (such as when a million bands did Umbrella).
If anyone wants to hear what we sound like to perhaps get a better idea go listen at myspace.com/manflumusic
If you don't want to/can't listen to music on your computer, in places we sound like Deerhoof, Sonic Youth and Devo.
Oh and i'm going to JAG my friend's project, i didn't even realize she could sing or play anything, i've just heard this now so i'm quite excited, sorry.