The song, written by producer Thom Bell and singer-songwriter Linda Creed, was about Bell's son, who was being teased by his classmates for being overweight. Intended to improve his son's self-image, the song eventually evolved from being about "The Fat Man" to "The Rubberband Man".

The last major hit by the Spinners to feature Philippé Wynne on lead vocals, "The Rubberband Man" spent three weeks at number two on the U.S. Billboard Hot 100, and topped the U.S. R&B chart at the end of 1976. It was also a top-20 hit in the UK Singles Chart, reaching number 16 in October 1976.

With the opening lyrics, "Hand me down my walking cane, hand me down my hat!", the song recalls the tradition of the one-man band, the days of traveling minstrel shows and such Bay Area musicians as Jesse Fuller.

The arrangement opens with rhythmic clavinet and percussion, followed by a Philly string arrangement provided by the Mother Father Sister Brother musicians. There are brief bursts of brass section and piano. Singer Wynne's delivery is "singularly expressive" and the bridge and chorus provide for a classic call and response routine by supporting vocalists Bobbie Smith (tenor), Henry Fambrough (baritone), Billy Henderson (tenor/baritone) and Pervis Jackson (bass). The song also features the bass playing of Motown Legend Bob "Funk Brother" Babbitt.

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