The lyrics refer to the New York working-class immigrant masculine ethos, in which wage-earners take pride at working long hours to afford the outwards signs of having "made it" in America. The character "Anthony" questions if owning a house in Hackensack (a suburb of New York city) is worth the effort, while "Sergeant O'Leary" works two jobs in hopes of one day owning a Cadillac. In 2014, Joel told Howard Stern: "I've seen friends of mine who were pressured into taking a job to take care of the family, and then they never fulfill themselves - they're doing it because that's where you're supposed to go. Everybody's got something they love to do or they should be doing - a talent. I see people wasting their lives, not putting their talent to that purpose so they could have stuff: you get a Cadillac and then you're fine."
Joel first wrote this song to a soft ballad mystery tune he had in his head. When he performed it for his band in the studio, they informed him WHERE he got the tune - it was identical to Neil Sedaka's "Laughter In The Rain." Embarrassed, Joel changed it to a more rocking tune.
In 2002, The stage production Movin' Out opened on Broadway. The show was based on Joel's songs, and he won a Tony Award for the orchestration. The Broadway production closed in 2005, but lived on as a touring production from 2004-2007.
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