The Bangles broke up in late 1989, and a Greatest Hits album was released in 1990 to fulfill the band's contractual obligations with Columbia Records. Everything I Wanted was added to the release, where it was its sole new recording, and was released as a single to promote the album in continental Europe and Australia. In the UK, a new remix of Walk Like an Egyptian was released instead.
With the band no longer operative, the single relied solely on radio play and its music video for promotion and performed poorly on the charts, only charting in the Netherlands at #41. This would be the band's last official single for 13 years.