John Lennon once said this was the only song he wrote that he truly hated. Lennon told British journalist Ray Connolly: "It's the most embarrassing song I ever wrote. Everything rhymed. Disgusting lyrics. Even then I was so ashamed of the lyrics, I could hardly sing them. That was one song I really wished I'd never written." Paul McCartney, who co-wrote the song at Lennon's home in Weybridge, was a tad more favorable. "Sometimes we didn't fight it if the lyric came out rather bland on some of those filler songs like 'It's Only Love,'" he explained. "If a lyric was really bad we'd edit it, but we weren't that fussy about it, because it's only a rock n' roll song. I mean, this is not literature."
An instrumental version was recorded by George Martin and his orchestra. Martin was The Beatles producer.
The original title was "That's a Nice Hat (Cap)."
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