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Frontwoman Emily Haines told Drowned in Sound that this song was inspired by a conversation between her and guitarist/producer James Shaw. She explained: "We opened for The Rolling Stones two nights at Madison Square Garden in NYC and since then analyzing what they represent has become a favorite theme of band conversations. In this song we ask the age-old question, ‘Who would you rather be: The Beatles or the Rolling Stones?’ Here’s Jimmy’s answer: ‘Neither. One is dead and the other is corporate.’"