Freeeze - I.O.U (1983)

"I.O.U." is a song from 1983 by British group Freeez, who had their peak of success around the time of this song.

The song had reached #2 in the UK Singles Chart earlier in 1983 before reaching the top of the Billboard Hot Dance Club Play chart in the U.S., giving them their only chart-topping single on any chart in America. It went on to become the 20th best-selling single of 1983 in the United Kingdom. "I.O.U." was used in the 1984 breakdance film, Beat Street.
In 1986 a 12" single was released in the US on the Criminal Records label, with new remixes. Some of these remixes were given a re-release in 1987 in the UK for the Citybeat label as "I.O.U. (The Ultimate Mixes '87)", however, it only reached #23 in the UK Singles Chart this time around.

video link
http://www.youtube.com/watch?v=WZ-1DYwaxrE