Dewey Bunnell, the song's vocalist and writer, has said that the lyric "alligator lizards in the air" in the song is a reference to the shapes of clouds in the sky he saw in 1963 while his family was driving down the coast from Vandenberg Air Force Base near Lompoc, California where they had a flat tire. While his father changed the tire, he and his brother stood by the side of the road and watched the clouds and saw a road sign for "Ventura".

In the booklet for the boxed-set, Highway, he states that the song "reminds me of the time I lived in Omaha as a kid and how we'd walk through cornfields and chew on pieces of grass. There were cold winters, and I had images of going to California. So I think in the song I'm talking to myself, frankly: 'How long you gonna stay here, Joe?' I really believe that 'Ventura Highway' has the most lasting power of all my songs. It's not just the words — the song and the track have a certain fresh, vibrant, optimistic quality that I can still respond to". The song has a "Go West, young man" motif in the structure of a conversation between an old man named Joe and a young and hopeful kid. Joe was modeled after a "grumpy" old man he had met while his dad was stationed in Biloxi, Mississippi at Keesler Air Force Base. He also stated "I remember vividly having this mental picture of the stretch of the coastline traveling with my family when I was younger. Ventura Highway itself, there is no such beast, what I was really trying to depict was the Pacific Coast Highway, Highway 1, which goes up to the town of Ventura."

"That's Gerry and Dan doing a harmony on two guitars on the intro. I remember us sitting in a hotel room, and I was playing the chords, and Gerry got that guitar line, and he and Dan worked out that harmony part. That's really the hook of the song".

The song went to number 8 on the Billboard Top 40 Pop Charts for America, spending nine weeks on the charts after debuting on November 4, 1972. It also reached number 43 in the UK Singles Chart, staying in that chart for four weeks.

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