Frontman Patrick Stump explained to MTV News that, "everything we're trying to say about pop culture, it's in this song." He added: "The chorus - 'Change will come, but I will never believe in anything again' - that's about the '90s, when we really cared, [but] then we got into all this awful mess. And I think people stopped believing in the goodwill of man and that you can change the world or do any good. So everything became internalized. The past decade has been totally about 'me.' It's totally about 'Oh, I'm sad. I want this. I know somebody who knows this person. Me me me me me,' so that's what that song is about."
This was originally titled "Never Believe."
The song's title is a reference to the David Mamet play and film Glengarry Glen Ross where the word "closer" is used in the sense of a salesman who can close a sale. In the movie, Alec Baldwin admonishes Jack Lemmon for not closing real estate deals. He barks: "Put. That coffee. Down. Coffee's for closers only."
Folie à Deux, the band's fourth studio album, debuted at #8 on the albums chart. Although it was Gold-certified with half a million copies sold in the US, it was considered a commercial disappointment compared to their previous releases. Fans were also split on the band's evolving, genre-defying style, which led to disgruntled audience members booing the new songs on the ensuing tour.