Many have interpreted such lyrics as "Throw down your gun you might shoot yourself, or is that what you're trying to do," to be aimed at the band's guitarist Paul Kossoff, who had developed a serious drug habit. However vocalist and lyricist Paul Rodgers denied this was the case. He told Uncut magazine: "It's just a song that I wrote about an imaginary person." Paul Rodgers later admitted to the same publication: "I wrote 'Wishing Well' as a fun tune to play live, but unconsciously it may have been about people I knew." Kossoff died from a heart attack on March 19, 1976 on a Los Angeles to New York flight.
Excluding the 1991 remix of "All Right Now," this was the last of Free's three UK Top 10 hits.
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