After hosting Oz for Africa Ian (Molly) Meldrum was inspired to raise funds for something closer to home; research on fairy penguins. There was a colony of penguins that were dying along the coast.
In late October 1985, The Incredible Penguins gathered at the Flagstaff Studios in Melbourne on October 21st, 22nd, 26th, & 31st, 1985 with guest musicians: Angry Anderson (Rose Tattoo), Brian Canham (Pseudo Echo), Scott Carne (Kids in the Kitchen), John Farnham, Venetta Fields, Bob Geldof, Steve Gilpin (ex-Mi-Sex), Hare Krishna Chorus, Colin Hay (Men at Work), Colleen Hewett, Jim Keays (ex-The Masters Apprentices), Brian Mannix (Uncanny X-Men), Wendy Stapleton (Wendy & the Rocketts) and Chris Stockley (ex-Axiom, The Dingoes).
The Incredible Penguins members: Steve Donald (Wendy & the Rocketts) on percussion, Craig Johnston (ex-Mother Goose) on vocals, Wayne Matthews (ex-The Masters Apprentices) on bass guitar, John Moon (ex-Keays, W.H.Y.) on guitar, Pat Polo on guitar, and Marcel Rodeka (ex-Mother Goose) on drums.