I believe "Red Hot" by Joseph Williams is playing at the 8-minute mark when Chunk comes in to tell the boys about the police chase.  I can't find a recording of "Red Hot", though.  Can anyone else confirm?

is the song milkshake in the song? my friend is gay and does not know

The Goonies

Andy plays this song on her boom box during cheerleading practice.

The Bangles

I Got Nothing

Plays as the camera pans across the town, ending on the Walsh's house.

REO Speedwagon

Wherever You're Goin' (It's Alright)

Mom and Rosaiita come in, playing during and after Mouth translates.

Luther Vandross

She's So Good to Me

Playing on the TV as Brand exercises.
(A portion of it plays again at 1:48 at the beginning of the credits.)

Cyndi Lauper

The Goonies 'R' Good Enough

This is playing on Troy's radio as he's driving with Andy and Stef.

Philip Bailey

Love Is Alive

This plays while Troy and his friends hang out at the well.

Joseph Williams

Save the Night

Playing in the background as Troy pulls up the bucket from the wishing well.

What a Thrill

Chunk was calling the sheriff to report a murder and to say he was locked in the basement with this guy. The music was on the sheriff's radio.﻿