During mid 1967 the band were working on the follow-up to their Good Friday album. This album was to be titled Good Times. However, due to legal issues between the band and its Australian label Albert Productions, that album would permanently shelved. Some of the surviving tracks ("Good Times", "Land of Make Believe"), as well as newly recorded ones, would be used on what was now titled Vigil (so titled as tribute to the fans who held vigil for the album's long release).  Other songs from the original Good Times album would eventually be released on The Shame Just Drained compilation in 1977.
Unlike the Good Friday album, Vigil did receive an official release in the band's home country Australia through Albert Productions/Parlophone. The Australian version would have the cover songs "Can't Take My Eye's Off of You", "Hit The Road Jack" and "I Can't Stand It" removed and "Bring a Little Lovin'" added. The UK/European version was later reissued by Repertoire Records and featured ten bonus tracks.
The North American version of Vigil was re-titled Falling Off The Edge Of The World and issued in October 1968 with a different album cover and running order from the UK release. This version was pared down to 12 songs from 14, omitting "Sha La La" and "We All Live Happily Together". A different recording of the title track (known as the "second version") replaced the common version from the Australian and UK/European releases. This version of the album has also been released on CD paired with Friday On My Mind on the Collectables label.