The song finds Strait singing about carrying the love of his girl with him when he is away from home. Baby, all I got is this beat up leather bag
And everything I own don't fill up half
But don't you worry 'bout the way I pack
All I care about is gettin' back real soon
A good-bye kiss is all I need from you
"'Carrying Your Love With Me' is a title Jeff Stevens mentioned to me that we didn't write until about six months later," Steve Bogard recalled to Taste of Country
. "We just let it percolate, and finally I got the idea for the 'beat up leather bag' metaphor."
"We pretty much wrote it in a few hours," Bogard added. "Our publisher, Michael Knox, called Larry Willoughby, the A&R man for MCA, and he came over and heard it in my little office live. Jeff [was] singing and playing acoustic, and [I was] playing bass and singing harmony."
"[They] put it on hold and made us promise not to play the demo, which we hadn't done yet, for anyone until he could send it to George," he concluded. "I'm glad we did. It's a great cut!"