Loggins was going through a painful period of estrangement from his son when he wrote this with fellow soft-rocker Richard Marx. The lyrics find him frustrated by the rift but hopeful for a reconciliation ("I trust that someday, you'll no longer be the one that got away"). In an interview with Pop Dose, Marx recalled, "Kenny was at my house hanging out for a couple of days and I woke up with this melody in my head and I played it for him and he said, 'Oh my God, it's beautiful - let's work on it.' We started to write it and he said, 'You know, I really want to write this about Cody.' Once we knew what the song was about, it was such a heart wrenching experience…I've never experienced anything like this, where it was like a therapy session all day, pulling the truth out of the lyrics."
Loggins and his son repaired their relationship after he played him the song. Cody, who also inspired "Cody's Song" from the 1991 album Leap of Faith, is the second of three children from Loggins' first marriage.