That singer's face is so totally intense! I love it.
Here's the Festival of the New Wine scene:
http://www.youtube.com/watch?v=ut76Wnr5KPs

Yes, this is a longer version of the song, as shown in the published screenplay by Curt Siodmak. The lyrics were modified a bit and shortened by the time they recorded it.

that pop-eyed idiot singing it really was playing it up like a goof.would have ticked me off,too.

Agreed, it's a great little bit of operetta. Curt Siodmak said in his later years that he was working on a musical entitled "Song of Frankenstein". Wonder if he finished it?

this number is one of my favorite parts of the movie.

Another charming original Universal song overlooked by the Academy - the same fate later befell "Hey, You!" which Ann Codee performs brilliantly in the opening of THE MUMMY'S CURSE (1944). And although Edward Ward's score for the 1943 PHANTOM OF THE OPERA was nominated, the film's theme song, "Lullaby of the Bells," was regrettably overlooked. Quelle dommage!!!
"I don't use a pen: I write with a goose quill dipped in venom!"
W. Lydecker

If I was sitting down trying to have a beer and talk to this lady about the life and death and on how to cure my tormeneted existance and everyone started singing, I'd have flipped out too.

There's one more line after the ones listed, a little reprise:
"Come one and all and sing a song,
Faro-la-faro-li,
For life is short
But death is long
Faro-la-faro"
at which point Talbot goes nuts.

yeah i was watching that too. I was wondering what was the lyric that set Talbot off and I guess it was the last line. For a moment it was as though I were watching a different movie!

lol! I just barely read this post, and this scene/song is playing on tv as we speak.

"Faro-La, Faro-Li (Song of the New Wine)" written by Curt Siodmak and Hans J. Salter and performed by by Adia Kuznetzoff. And yes, it was written specifically for the film.
I even found the lyrics:
Come one and all and sing a song
Faro-la, faro-li!
For life is short, but death is long
Faro-la, faro-li!
There'll be no music in the tomb
So sing with joy and down with gloom
Tonight the new wine is in bloom
Faro-la, faro-li!
Tonight we toast our happy host
Faro-la, faro-li!
For he's the man we love the most
Faro-la, faro-li!
He's barrel-chested, dipper-lipped
For drinking wine, he's well-equipped
But where's his chest? It must have slipped
Faro-la, faro-li!
If Franzec never drank at all
Faro-la, faro-li!
He might not care for alchohol
Faro-la, faro-li!
But since he drinks them by the score
He loves his bottles more and more
He even likes them on the floor
Faro-la, faro-li!
Now here's a pair of newly-weds
Faro-la, faro-li!
With love and kisses in their heads
Faro-la, faro-li!
Tonight theres only he and she
Just one and two, as you can see
But very soon they may be three
Faro-la, faro-li!
The wine tonight is nobly blessed
Faro-la, faro-li!
By such a lady and her guest
Faro-la, faro-li!
To them a toast, come drink with me
That they may ever happy be
And may they live eternally
Faro-la, faro-li!

I believe it was called "Faro-lee, faro-la", sort of an operetta-type drinking song that must have been written specifically for the film, so that Talbot would respond to the lyrics!