The song concludes with the speaker's reluctant proclamation that he plans to move his family out of the town, but not without first taking his own son on a drive and expressing the same community pride that was instilled in him by his father.

Some of the song's images reference the recent history of Springsteen's hometown Freehold Borough, New Jersey, in particular the racial strife in 1960s New Jersey and economic tensions from the same times (such as the "textile mill being closed" was the A & M Karagheusian Rug Mill at Center and Jackson Streets of Freehold).

[6] Cash Box called it a "tender and somber look at the real American hometown" that is "evocative in rare way.

The B-side of the single, "Santa Claus Is Comin' to Town", was a semi-comical live recording of the Christmas favorite from a Springsteen and E Street Band concert on December 12, 1975, at C. W. Post College on Long Island, New York.

Long familiar to Springsteen fans from its distribution years earlier to rock radio stations, it had previously been released on the fairly unknown 1981 children's album In Harmony 2; now in time for the Christmas season it was being issued again.