Not really digging all the insults in this thread ☹ There are better ways to say, "I really don't like this," without making references to drag queens or the elderly.
That being said, I might be the second one who kind of likes this? Kate has never done what she's supposed to or what people like, so this cover is not surprising at all to me. I didn't recognize her, either, but Kate has always been able to do any kind of look and weirdly make it work.
I also have never liked the 80s, I don't get the nostalgia for its aesthetic -- so if it echoes the 80s (???), bravo, I actually like a reference to it.