Life's Been Good

"Life's Been Good" is a humorous look at the spoils of fame and fortune associated with being a rock star. Walsh pokes fun at the lifestyle of wealth and fame, and the spoiled mentality - how it's not him who has changed, but everyone else. In a 1981 interview with the BBC, Walsh explained: "I wanted to make a statement involving satire and humor, kind of poking fun at the incredibly silly lifestyle that someone in my position is faced with – in other words, I do have a really nice house, but I'm on the road so much that when I come home from a tour, it's really hard to feel that I even live here. It's not necessarily me, I think it paraphrases anyone in my position, and I think that's why a lot of people related to it, but basically, that's the story of any rock star – I say that humbly – anyone in my position. I thought that was a valid statement, because it is a strange lifestyle – I've been around the world in concerts, and people say 'What was Japan like?', but I don't know. It's got a nice airport, you know... so it was kind of an overall statement."

Walsh lived up to this song, indulging in the hedonism he sang about long after it was released. "I started believing I was who everybody thought I was, which was a crazy rock star," he told Rolling Stone in 2017. "It took me away from my craft. Me and a lot of the guys I ran with, we were party monsters. It was a real challenge just to stay alive."

This is the last song on the But Seriously, Folks... album. On the original album version, the music fades away into silence, then about 30 seconds later there is a really funny secret message from Joe Walsh, who says, "Wha-oh... here comes a flock of wanh-wanhs!", followed by a chorale of "wannh," "wanh," "wahn" (collectively sounding like a bunch of ducks or sheep).