mbv - orange squash mix bass

[Talos]

Although it is hard to tell because the bitrate is very low.
To me it doesn't sound like a Bass guitar (if it is, it's sampled) I think it's an analogue synth, so it should be no problem recreating it.

The main ingredients are Pitch bend, Unison & Distortion, pitch is probably achieved with an envelope although you could just use the pitch wheel and automate it.
There are similar presets in the TI that you could tweak to get this sound.
I don't think you will get this exact sound with the onboard distortion, try a real analogue distortion or a good emulation.

iand: FYI, Lush were an early to mid 90's band, and crappy is a subjective term. Although I'm not a fan, untalented Chesney Hawkes types they were not.