I want to compile one starting now, can't immediately find a thread on this, though I'd be surprised if there hasn't been one at some point...
Anyway, some old favorites off the top of my head:
"She Don't Use Jelly," Flaming Lips
"Starfish and Coffee," Prince
"Punky's Dilemma," Simon & Garfunkel ("wish I was a Kellogg's cornflake"...)
"Eggs and Sausage," Tom Waits
"Toast and Jelly," Poi Dog Pondering
ONE EXCEPTION: No "Cherry Pie"!