Monsters of Folk are an alternative rock band comprising Jim James of My Morning Jacket, Conor Oberst and Mike Mogis of Bright Eyes, and indie singer-songwriter Matt (M.). Ward. Mogis recalled to Express Night Out the recording of this track: "That one was a mostly live song too. Jim and I were playing hand drums. We did this in this pure drum circle fashion - in part we're all kind of hippies in a way - we were in a circle [Conor and Matt] they were sitting on the ground playing acoustic guitar and me and Jim had bongos between our legs and we played that song."
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.