"Rave On", however, was produced by Milton DeLugg and recorded with Holly's group the Crickets at Bell Sound Studios in New York City.

Holly's rendition of "Rave On" is ranked number 154 on Rolling Stone magazine's 2004 list of "The 500 Greatest Songs of All Time.

Joe Meek produced a version with the singer Michael Cox, released in 1964 (backed with "Just Say Hello", HMV POP1293 A).

Nitty Gritty Dirt Band recorded a cover version for their 1970 album Uncle Charlie & His Dog Teddy.

In an interview, the Danish rock band the Raveonettes stated that their name is "a complete direct reference to the Ronettes and Buddy Holly Rave On.