The song is a direct homage to the British music hall style. It concerns a famed actress, called only by the term of endearment "Honey Pie", who becomes famous in the United States (referred to as 'the U.S.A.' in the song), and her old lover, who wishes for her to rejoin him in England. The premise—a humble admirer yearning for the return of his lover—is not unlike a typical music hall plot. In order to establish an appropriate, old-timey sound, 'crackles' were added to the third line, "Now she's hit the big time!", from a 78 rpm record.
Recording began for "Honey Pie" on 1 October 1968, with the Beatles at Trident Studios in London's Wardour Street. Only one take was recorded on the first day, although it is likely that a number of rehearsal attempts had previously been recorded and wiped. The next day, McCartney taped his lead vocals, and a lead guitar part was added. According to George Harrison, John Lennon played the guitar solo. However, Barry Miles in his: "The Beatles, a diary: an intimate day by day history" [Omnibus Press 1998] says: "Paul added the lead vocal and guitar to 'Honey Pie'." [p.275, entry for October 2]. And that is Paul's style of guitar (as evidenced on his first two solo albums), and it was Paul's father who was a band leader of that type of music before Paul was born. (Many members of George's own entourage have said that George's autobiography had many errors.)