The song was the lead single taken from the album Siren. A number two hit in the United Kingdom, it also gave the group its first substantial exposure in the United States, reaching number 30 in early 1976 on the US Billboard Hot 100 and doing even better on progressive rock radio. Its B-side in most countries was "Sultanesque", a non-LP instrumental track written by Ferry, which is now available on the The Thrill of It All boxset.

The song started as an Andy Mackay instrumental, but then gained lyrics from Bryan Ferry; Ferry said the song came to him while he was walking and kicking the leaves in London's Hyde Park.

The bassline by John Gustafson became influential. In the DVD, More Than This: The Story of Roxy Music, Nile Rodgers of Chic states that the song was a big influence as the bass timing is almost identical to the one in Chic's song, "Good Times".

The song remains Roxy Music's highest-charting single in the US, while in the UK it was topped only by their 1981 version of John Lennon's "Jealous Guy". It is one of The Rock and Roll Hall of Fame's 500 Songs that Shaped Rock and Roll. Its bassline was included in the 2005 Stylus Magazine list of the "Top 50 Basslines of All Time" at number 26.

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