[1] Past and present buildings on the Drag include the Harry Ransom Humanities Research Center, Raul's, Captain Quackenbush's Intergalactic Espresso and Dessert Company, Record Exchange (later renamed Sound Exchange at the NW corner of 21st Street), Hastings Music and Video (directly across from the West Mall and Student Union), Bevo's Bookstore, Urban Outfitters (at the SW corner of 24th Street), Varsity Theater which became Tower Records, Kerbey Lane Cafe, The Bazaar, Texadelphia, Dobie Mall, Goodall Wooten private dormitory, the University Baptist Church, and the University Co-op.

The Drag is considered an important part of Austin's civic life, but for many years many Austinites avoided it because of congestion.

"[3] During the 1966 University of Texas tower shooting, several of the students killed or injured by the sniper were walking on the Drag at the time of the incident.

[7] Implementation of the CapMetro Rail Orange Line may remove private cars entirely off of Guadalupe Street.

[9] The 91-room Goodall Wooten,[10] nicknamed "The Woo",[11] was a privately-operated dormitory building, built in 1956, that was not affiliated in any way with the university administration.