This was the first song written for Folie a Deux, the band's fourth studio album. In fact, it was penned prior to Fall Out Boy's 2007 album, Infinity On High. Singer Patrick Stump told AbsolutePunk: "It pre-dates Infinity I think, but it took so long to get it into the right shape, and then it was done. Sometimes it happens, sometimes it doesn't. And there's no guarantee that those songs won't ever see light of day."
This was originally called "America's Sweethearts" after a line in the chorus, but Pete Wentz's love for a punning title won out.
Bassist and lyricist Pete Wentz explained this song to MTV News: "We have become a culture that really, really likes to build people up... and we really do have this standard of morality that's insane, but [at the same time] we want to know what goes on behind closed doors. We want to shun celebrities and then build them back up. But it's going on in your neighborhood, too. And that's what the song is about. It says that we've created this snowball of culture where we chase Brad Pitt and Angelina Jolie and their 21,000 kids around the world. But the Jolie-Pitts are smart, because they're building their own army so one day they'll just beat us."
Wentz told MTV News that the primary influence on the song's promo was the 1988 comedy Who Framed Roger Rabbit. He explained: "The video lifts a lot not just from old Fellini but, more specifically, Roger Rabbit. That movie is completely overlooked in history, because it's awesome. It's mind-blowing that somehow Disney and Warner Bros. are in there - and the characters in a world that is not a Disney or Warner world. But beyond that, the plot is great too. I think that the idea is that there is this guy who is out to get all the 'toons, but in the end, he is one. [And] that is part of the narrative of 'America's Suitehearts' too. You have to point the finger back at yourself. When you're throwing people in the goo - you have to realize that you are the person who is scared to get in it."