It was first recorded by American rock band Crazy Horse and issued as the final track on side one of their 1971 eponymous album.
"[1] British singer Rod Stewart recorded the song at Muscle Shoals Sound Studio in Sheffield, Alabama for his 1975 album Atlantic Crossing.
[4][5][6] In February 2021, the song received a silver certification from the British Phonographic Industry for sales and streams of over 200,000.
[12] In 1988, English musical duo Everything but the Girl released their version of the song as a stand-alone single; it was later included on the reissue of their fourth studio album, Idlewild (1988).
Tracey Thorn has said that Stewart had been regarded as "a heroic figure" in her home when she was growing up, and that her brother Keith owned the "albums with grimy-sounding titles like An Old Raincoat Won't Ever Let You Down, and Gasoline Alley".