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Holly recorded this in May, 1957 with The Crickets at Norman Petty Studios in Clovis, New Mexico.
This is listed as being written by Charles Hardin and Norman Petty. Charles Hardin is actually Buddy Holly. His real name was Charles Hardin Holley. (thanks, David - Lubbock, TX)
Twenty-seven years later in 1985, this became a minor hit for singer/songwriter and guitarist James Taylor. Taylor's version is featured on his 1985 album That's Why I'm Here. This version won the 1985 Grammy Award for Song Of The Year and Best Male Pop Vocal Performance. The album won a Grammy Award for Album Of The Year. (thanks, Annabelle - Eugene, OR)
This was used in the movies Big Fish and Stand By Me as well as a season 4 episode of the TV show Lost.