I side with your co-worker as to where The Life Aquatic with Steve Zissou ranks in the Wes Anderson pantheon, but I did enjoy the Bowie/Portuguese covers.I was discussing Wes Anderson movies with a coworker and defending Life Aquatic as my favorite. One of the best parts are all the Bowie covers in Portuguese by Seu Jorge.
I have it in my memory that Cash played it when he hosted SNL in the early 80s. I think it closed the as show for the End Credits with the cast sitting around sort of like a camp fire. That's what I was hunting for.^
Such a great song.