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This - Psychedelic Psymphony - Don't Be Afraid - is a tune from the movie "Mondo Keyhole" and (re)issued by Arcania in 2006.
Pure studiowork I believe. I have no clue about the guys playing, but they were clearly in-the-know.
Peculiar name for being from 65. (If that is a correct date)
Randy Johnson is one of the musicians behind this track and probably played the electric 12-string guitar. He is
probably best known for his cool 1967 folk rock 45 "Fly Superman Fly" on Davy Jones' vanity label.

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The movie is commonly believed to have been issued in 1966, but yeah possibly shot in 1965 and the music with it. The movie credits has them as the Psychedelic Psymphonette, which is an even more peculiar name if you ask me! On the other hand, the word psychedelic, though much less widespread then, existed since 1957

The earliest mention of the movie I can find is a showing from May 11, 1967. It was then in theatres during late 1967 and early 1968.

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The earliest mention of the movie I can find is a showing from May 11, 1967. It was then in theatres during late 1967 and early 1968.

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Right, the earlier screenings I found were in 1967 indeed, but the copyright registration shows the movie was copyrighted in Aug 1966. Maybe they struggled to have it screened. Jack Hill's previous movie, "Spider Baby", had that kind of problem, being shot in 1964 but didn't find distribution until 1967. Now that I think of it, maybe both movies were picked up altogether by the same distributor in 1967