This was a bonus track on Last of the Ghetto Astronauts, the debut album of the Matthew Good Band. The LP was released independently in 1995 on a budget of roughly $5,000 CAD and achieved popularity, particularly in western Canada. It gained the title of Canada's highest-selling ever indie release.
Good coined the slang phrase "first world problems" in this song's lyric, "someone would love to have my first world problems." Good's original message of illustrating the often hollow grumbles made by those in the "first world" subsequently gained recognition as an internet meme to minimize complaints about trivial issues by shaming the complainer.
Angus Young created the distinctive opening guitar part for "Thuderstruck" by playing with all the strings taped up, except the B. He learned the studio trick from his older brother George Young, who was the rhythm guitarist for The Easybeats.