The song spent three weeks at number one, March 31—April 14, 1984, on the US Billboard Hot 100, becoming Loggins' only chart-topper, and was the first of two number-one hits from the film.

It was nominated for an Academy Award for Best Original Song at the 1985 ceremony, losing to Stevie Wonder's "I Just Called to Say I Love You" from The Woman in Red.

It begins with a soloed guitar track instead of a drum intro, and features more prominent backing vocals in the mix, particularly towards the end of the song.

[43] The video opens with Blake Shelton driving a pickup truck into a drive-in theater screening the 2011 remake of the 1984 movie wherein the manager and ticket seller tells him that the film was only about to start.

The final episode of the second season of Regular Show titled "Karaoke Video", where Pops (voiced by Sam Marin) sings his version of the song towards the end.

Sam Evans (Chord Overstreet) and Artie Abrams (Kevin McHale) performed this song in the Glee season 4 episode "Girls (and Boys) On Film".