[2] The song was written by lead vocalist Noddy Holder and bassist Jim Lea, and produced by Chas Chandler.

[4] By 1974, Slade had become a big success in the UK, Europe and beyond, however the band felt that continuing to provide 'more of the same' was not what they wanted to do.

To accompany the film, Holder and Lea began writing material for a soundtrack album, which would continue to see the band break out of their successful formula and try different musical ideas.

Holder went to his hotel room and returned half an hour later having completed a basic version of the song, with the title "Letting Loose Around the World".

[21] Upon its release, Sue Byrom of Record & Popswop Mirror selected "Far Far Away" as the "pick of the week" and wrote, "Want a surprise?

This is a very melodic Noddy, no screaming or shouting – practically gentle by Slade standards, but it's very good, strong chorus line and backing.

"[22] Dave Lewis of the Shepherds Bush Gazette and Hammersmith Post called it an "easy, mid-paced ballad" on which "Noddy croon[s] to the rhythm of strumming guitars" and noted that "once again there's a magnetic, sing-along chorus".

"[23] The Thanet Times praised it as "by far, far and away the best thing to come from Slade this year" and believed it "could be the one to pull back some of their diminished support".

[24] Sidney Nelson of the Nottingham Evening Post stated, "It is loud but not raucous, alive but not frantic, and above all catchy.

"[25] The Lincoln, Rutland & Stamford Mercury called it a "rather nice ballad number instead of the usual teeny bopper music Slade produce" and added that "it deserves more success than anything else they have done".