This article is from the R.E.M. FAQ, by Ron Henry (rgh3@cornell.edu) with numerous contributions by others.
It's reputed to be the sound that occurs when you pull the string on a
certain talking Japanese Godzilla doll. (Translated: "This is a special
news report. Godzilla has been sighted in Tokyo Bay. The attack on it by
the Self-Defense Force has been useless. He is heading towards the city.
Aaaaaaaaagh....")
 
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