The song was the first release from Carmen's first solo LP after leaving the power pop group the Raspberries and was originally recorded by the author and released in December 1975 to great success. It reached number 2 on the Billboard Hot 100, number 1 on Cash Box Top 100 Singles and number 12 in the UK. The single sold more than one million copies in the United States and was certified gold by the RIAA in April 1976 In a 2006 poll for UK's Five programme Britain's Favourite Break-up Songs Eric Carmen's version of this song was voted seventeenth.

Carmen's original version has spawned numerous cover versions by such artists as Céline Dion, Frank Sinatra, and Igudesman & Joo. It should not be confused with the jazz standard of the same name, written by Irving Berlin and performed by Ella Fitzgerald and others.

#2 back in 1976 - how about today?