The video is a live version that may amuse. Note that Ray has been compelled to change "Coca-cola" to "cherry-cola" by the time of this performance. Earlier versions on You Tube are uncensored.
I saw Ray Davies perform in Portland (around 2012). I felt compelled to leave my balcony seat and move to the very front of the crowd at the lip of the stage, joining the passionate dancers. almost all of them young, trans, gay, or queer, calling out for Lola.
Of course "kink" is British slang for sexual deviation.
This song was a useful anthem for liberated women of that time but makes even more sense when you see Bowie perform it live. Love the earrings.
I remember being very surprised by the feminine clothing Jagger wore on the TV program - which we young people gathered together to watch in the mode of "Party, circa 1973." There was much discussion of Micks outfits and eye make-up, which challenged the young people of that time.
It's not the lyrics or the beautiful piano by Nicky Hopkins that made this piece a cutting edge gender mash-up - it's Mick's outfit.
The lyrics, the costume, and Bowie's entire persona challenged gender stereotypes.