Def Leppard have recorded two different versions of the song - an electric version and an acoustic version - the widely released one was the acoustic version which featured on the greatest hits Vault. The widely released acoustic version differs from the original B-Side, as it featured the addition of strings by Michael Kamen, for usage on the Last Action Hero soundtrack.
Eduardo Rivadavia, reviewing Retro Active for Allmusic.com, called Two Steps Behind along with Miss You In A Heartbeat "solid, but hardly groundbreaking ballads" and one of the album picks.
Def Leppard's acoustic version also features on the CMT Crossroads DVD with Taylor Swift as a bonus feature.
Along with the song "Let's Get Rocked" from their 1992 album Adrenalize, this is one of only two songs by the band released after the 1980s that is still regularly performed live on nearly all of the bands' tours.
The music video was directed by Wayne Isham Company, the approximate shoot date was 10 July 1993. The live footage was shot on Irvine Meadows CA USA. This video shows the band playing in car park, Joe Elliott singing on the street while all the people around goes backwards and a live footage. The video was aired on August 1993.