The Last American Virgin has a fantastic 80's soundtrack, which was available on LP upon the release of the movie.

Oh No - The Commodores
Whip it - Devo
Open Arms - Journey
In The Flesh - Blondie
Keep On Lovin' You - REO Speedwagon
I Will Follow - U2
I Know What Boys Like - The Waitresses
De Do Do Do, De Da Da Da - The Police
Just Once - Quincy Jones featuring James Ingram
Are You Ready For the Sex Girls? - Gleaming Spires
That's the Way I Like It - KC and the Sunshine Band
Love Action (I Believe In Love) - Human League
Better Luck Next Time - Oingo Boingo
Since You're Gone - The Cars
Shake it Up - The Cars
Besame Mucho - Fabulous Paraguayas
Granada - Fabulous Paraguayas
Espana Cani - The Dancing Brass
It Aint Easy Comin' Down - Charlene
When I Find You - Phil Seymour
Zero Hour - ThePlimsouls
Teen Angel Eyes - Tommy Tutone
Airwaves - The Fortune Band