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Mike Campbell wrote the music to this track while working on Tom Petty’s Southern Accents album, but later gave it to Eagles singer Don Henley, who wrote the lyrics.
The song is about the passing of youth and entering middle age, and of a past relationship. It was covered twice in the early 2000s: as a trance track by DJ Sammy in 2002, and as a pop punk hit by The Ataris in 2003.