Original Song: Sly Fox "Let's Go All The Way" (1985)
Since Violent J and Shaggy 2 Dope change most of the words to optimistic bromides more in line with their IQs, or lack thereof (“look at them poor kids, rich kids, all together on the same side!”, “no sickness, nobody has to die!”), it could be argued that this is more an “interpolation” than a cover version, per sé.
One-hit hip-hoppish duo Sly Fox's out-of-left-field '86 top-ten had lots of “I Am The Walrus” in it, and that's barely discernible here. But unlike, say, Vanilla Ice's “Play That Funky Music” or Marky Mark's “Good Vibrations,” I.C.P. don't really add any additional music. So maybe they just got the lyrics wrong. (And how do magnets work, anyway?)