Songfacts®:

• This is the title track of Tom Petty and the Heartbreakers keyboardist and acclaimed sideman Benmont Tench's first solo album. "I thought it was a good phrase," he told American Songwriter magazine. "I thought it was relevant to the course of my life. There have been ups and downs. So it's kind of ironic, sardonic, as far as bits of my life that have been less pleasant, but most of my life has been great."
  
  "Also, it sounds like you're being cocky when you say, 'You Should Be So Lucky," he added, "and also flowery and grateful."
• Tench described the title track to American Songwriter as "a pretty mean song." He added: "It's basically a murder ballad. It's one of those songs where the guy feels 'whatever' for whatever reason. He's angry at the girl and he's taking her down by the river. In murder ballads, you take the girl down by the river. She's not coming back. I thought all of those things would be interesting to play with."
  
  "Basically, I thought that it sounded like a cool-sounding phrase," Tench continued. "I like the song a lot. It's one of the newest things on the record. I wrote it about a month before we cut it."