The song is a tribute to John Mellencamp's 1982 single "Jack & Diane", and credits Mellencamp as a co-writer for incorporating that song's guitar riff. Rolling Stone writer Chris Parton described the song: "Owen's updated version highlights the original's impact on present-day America, while a regular Joe reminisces about falling in love to the tune years before." Owen said that he asked Mellencamp personally for permission to incorporate portions of "Jack & Diane" into the song, and recorded it after receiving Mellencamp's permission. Owen said that he wanted to record it because of the feelings of nostalgia that the lyrics evoked in him.
The song is Owen's first release on Big Loud Records, following a decade on RCA Records Nashville.