Ben Folds has a talent for covers. I’ve heard a couple of them, and he manages to pay tribute to the original while giving them a unique flavor. This particular track is originally by The Postal Service. It became well known as a song, and as a cover by Iron & Wine, before Ben Folds took it on.
He gives the song a “steam punk” percussion line and a “beer hall” piano line, with some strings tossed in the mix. His voice is well suited to the song, as he and Ben Gibbard have similar ranges. Ben (Folds), through his re-imagining, turns this poetic love song into something resembling a drinking song. He even manages to throw an obscenity into the mix.