Continuity mistake: While Kramer is explaining about being in the Woody Allen movie, George is in the background looking out the window trying to stop car alarms with his keys. Less then five seconds later, George ends up by Jerry's counter (without being seen) and has a can of Shasta in his hand. (00:08:40)
Continuity mistake: While Kramer is on the phone with the guy who stole Jerry's car, a NY Mets hat is seen upside down on the behind George. When Kramer hands the phone back the hat is now right-side up and facing the camera.
Answer: Composer Jonathan Wolff used a synthesizer, although in seasons 7-9, a real bass is used in addition. Wolff also recorded himself making hundreds of mouth noises, pops, and slaps to add to the synthesized bass licks so that each episode has a different theme. The only real "back-story" is Jerry Seinfeld was having trouble coming up with a theme song and talked to a friend who happened to know Wolff. They wanted to avoid that cheesy late 80's sit-com theme song and Wolff came up with what we enjoy now. Jonathan Wolff has also talked about this further in interviews, recently Reed Dunela interviewed him, so for a fuller account of his story; check out "The Wolff of 116th street".
Bishop73