The song was recorded with an electric band on November 14, 1962, during the sessions for The Freewheelin' Bob Dylan but was not used on that album, which, aside from "Corrina, Corrina", was entirely acoustic. Instead the song, backed with "Corrina, Corrina" (a different take from the Freewheelin' one), a traditional blues song, appeared as Dylan's first single, released in the United States on December 14, 1962, as Columbia 4-42656. According to legend, Dylan wrote the song in a cab on the way to the Columbia studios for the recording session.

A different version of the song, recorded on November 1, 1962, with later overdubbing, was released on the compilation album Masterpieces in 1978 and on the original 1985 issue of the Biograph box set; the 1997 reissue of Biograph includes a stereo version of the released single, recorded on November 14, 1962, in place of this alternative version. According to Olof Björner, the mono and stereo mixes of the single are somewhat archaic and drug-influenced from different takes recorded on the same day. Both sides of the single are now available, in mono, as bonus tracks on the two-disc Jasmine release Carolyn Hester Introduces Bob Dylan.

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