The song's slow tempo and mellow acoustic sound bear similarities to some of the other tracks on the first side of the album Meddle.

[7] Near the beginning and at the end of the song, a field recording of fans in Liverpool's Anfield singing "You'll Never Walk Alone" is superimposed over the music.

[9][10][11] This song was one of several to be considered for the band's 2001 greatest hits album, Echoes: The Best of Pink Floyd, but was ultimately rejected for inclusion.

[12] In a review for the Meddle album, Jean-Charles Costa of Rolling Stone described "Fearless" as "a clever spoof" that "leads up to a classic crowd rendition of Rodgers & Hammerstein's 'You'll Never Walk Alone'.

"[14] They went on saying "Fearless" is "highlighted by Gilmour’s calm yet strong guitar strumming and the odd beat from drummer Nick Mason.