Yeah, I would say so. That was my vague impression when I heard it a long time ago (though can't say I've ever listened to it very closely since, as I don't care for it - it's one of those tunes I find actively irritating for some reason). As it happens there are more than a few songs I actually like that I have to admit are every bit as dodgy. Now I think about it, I do find that a bit tricky.
Look back at this post.
Read those lyrics in the context of what I posted, and see if it still sounds creepy.