The song Love and Destroy, with the chorus "Margarita - Love and Destroy" is the b-site of the single Michael and is based on the scene in which Margarita flies over Moscow on her way to the Walburgis Night.
On the website of Franz Ferdinand is explained what the song means to Alex Kapranos, frontman of the band:
"This track, one of Franz Ferdinand's early creations, is based on the novel 'The Master And Margarita' by Mikhail Bulgakov.
Unlike many novels that explore the conflict between Jesus and Pontius Pilate and quickly become theological essays, Bulgakov introduces the Jesus-Pilate conflict and supporting events within a story set in the modern day Russia, complete with witches, sorcery, Satan's ball, and accurate portraits of somewhat complex, contradictory, and sometimes despicable Russian characters bred under absurd communist notions of utopian society.
A dream was turned into reality for Alex when Franz Ferdinand played the song in Russia in May 2005. Early versions of the song are referred to as Margarita."