According to an interview with vocalist Biff Byford
and guitarist Paul Quinn in the launch issue of Kerrang!
, June 1981, this track was inspired by the previous year's Monsters Of Rock festival at Castle Donnington, something which is fairly evident from the lyric. Byford added the song was "originally a lot longer - there were three other verses, one about us, one about the American bands and one about Judas Priest. But we kicked them out and chopped it down a bit." The song also mentions Rainbow - the headliners - "See the rainbow shining brightly."
The Donnington festival was initiated in 1980. On August 16, Saxon joined Rainbow and five other bands - Judas Priest, the German band Scorpions, April Wine from Canada, and two bands from New York City - Riot and Touch.