The genesis of this song appears to be a letter Bon Scott wrote shortly after joining the band. In January 1972, the Scottish-born Ronald Belford Scott married Irene Thornton, a native born Australian. The two traveled to the UK with Bon's band Fraternity, but although they were backed by Hamish Henry, a wealthy idealistic Adelaide music promoter, the tour was a disaster, and the band broke up. His new band would soon establish themselves as the biggest rock group in Australia and one of the biggest in the world, but they were not an overnight success, and in a letter to Irene, Bon included a PS to his brother Graeme: "If you can still manage the other $50 I'd love ya f'rever. It's no fun waiting round to be a millionaire!!!"
This Young/Young and Scott composition runs to 7 minutes 31 seconds and has a terrible irony about it; Bon Scott died in London on February 19, 1980 at the age of 33, just as he and his band were becoming a force in rock music. He was most definitely having fun, and if he had managed to wait around a little longer he would just as definitely have become a millionaire many times over.
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