The song's music video also reached the No. 1 spot on MTV's TRL and became P.O.D.'s fourth No. 1 video.
Musically, "Goodbye for Now" reintroduced rap vocals to P.O.D.'s singles catalog; the style had not been prominently heard on any single since 2002's "Satellite." The song also emphasizes clean melody and vocal harmony while lacking any heavy guitar work. Katy Perry's drawn out backup vocals enter during the final chorus shortly before the song comes to an end. P.O.D. frontman Sonny Sandoval described the feel and meaning behind "Goodbye for Now" in an MTV interview:
"It's more of a laid-back track, it's more of a vibe track, it's definitely not the heavy side of P.O.D., but lyrically it's a hopeful song. . . We know with just dealing with the people around us and just coming across so many people that there are a lot of people struggling out there. And being that positive influence that we like to have in our music, we are just trying to encourage people. No matter how bad today is, tomorrow has a bright promise and a bright future. There's a lyric that says, 'If joy really comes in the morning time/ Then I'm going to sit back and wait until the next sunrise.' And in our faith, we believe that joy does come in the morning time, so just hold on and hang out and tomorrow is a whole different day."