i find it very humorous. The whinnying horse whammy bar. After the sliding the melody.bad horsie is so lighthearted and simple, at least overdubbed wise, and it's fun and the heavy chug of the downtime and the name- bad horsie. And ballerina is in no way humorous to me at all...
On another note (no pun intended) almost all of the archives 3.5 various mysteries album is humerus, mostly all of it. Fire garden was definitely a more humorous record, passion and warfare not much, more like ninteys humor, like the audience is listening.
I dunno, I wouldn't consider "Bad Horsie" a humorous song...Yo Yo Gakk, Yai Yai or Ballerina,maybe, not Bad Horsie, which is one of his heaviest songs. It's probably more the fact that Steve always has one song in the set with the special, crazy outfit/ laser suit...he used to have it on for "Here I am", then "Bad Horsie", then "Midway Creatures", now he has it on for the "Ultra Zone".