In 1997, Britney Spears started to work on her debut album ...Baby One More Time. After meeting up with producer Eric Foster White in August, the singer got to know the original version of The Jets, and decided to record a cover of the song. Steve Lunt, Jive's A&R vice president at the time, revealed that when the label's CEO "heard [the track] in the A&R meeting, he said, 'OK, we've got something.' Up until that, it was in doubt." "You Got It All" was originally intended to be released on Spears' debut album; however, it was only released on certain editions of Oops!... I Did It Again (2000).
A review from CD Universe said, "The Jets' gem "You've Got It All"[sic] shines brightly as ever with Britney's girlish allure. Take note, however, that Britney's not all bubbles—with an obvious influence from Mariah Carey, she glides quite ably through the key changes and delivers octave leaps and vibratos that should melt just about any heart, young or old."