It was introduced around the time the team was founded in 1961. The words and music are attributed to James "Red" McLeod, a composer from Edina, Minnesota.
The old recording is usually played whenever the team scores, accompanied by cheerleaders carrying flags that spell out the team's name, as per the lyrics. The spelling out of the team name echoes the style of the older song, "Minnesota Rouser", long used by the University of Minnesota teams.
Meaning
Skol (written "skål" in Danish, Norwegian, and Swedish and "skál" in Faroese and Icelandic or "skaal" in transliteration of any of those languages) is the Danish/Norwegian/Swedish word for "cheers," or "good health," a salute or a toast, as to an admired person or group.