LOLOL!
You noticed those lyrics, too? Of course, I put another bent on it. I thought they were showing that while others are hate their jobs, these people were tickled to be there being creative and having fun. Having a "good time." It was showing the difference between average Joe and GE employees. Now, to the elephant. Everyone knows GE elephants don't poop or pee. GE inventions took care of that plus the elephants washed their footsies before entering the premises.
Disclosure: I am a wholly owned subsidiary of GE.