This song was co-written by Easybeats guitarists George Young and Harry Vanda, who were the primary songwriters in the group (Young is the older brother of Malcolm and Angus Young from AC/DC). Vanda described the song as reminiscent of the days where the band members lived in hostels in Sydney as "New Australians," where they hung out for the end of the week because of the fun it brought. Previously, the band's main songwriting team had been George Young and lead singer Stevie Wright. Vanda and Young produced The Easybeats' later albums and after the group broke up in 1969, formed their own group, Flash And The Pan, which had a few successes during the late '70s and early '80s. They also continued writing and producing hits for other artists like AC/DC and John Paul Young. The group was not able to capitalize, falling victim to drug abuse, management struggles, and internal strife. It was six month before their next single, "Who'll Be The One," appeared, and listeners were underwhelmed. They never had another US hit and in the UK managed just one more: "Hello, How are You," which made #20 in 1968.