The song tells the story of a wild party "at the Jones' place" and the hangover that followed. At one point Merle laments that the woman he brought to the party "wound up in Jones' bed and I wound up on the floor." The track also features a New Orleans horn section.
The title of the song refers to a shot of Canadian Club whisky with a water chaser. While celebrating his new hit song in 1983 at Billy Bob's Texas, Merle Haggard bought a round of drinks for more than 5,000 fans in attendance, earning a spot in Guinness World Records that stood for decades.[2]