This started off as a completely different song. Al Stewart originally wrote the lyrics after seeing the British comedian Tony Hancock in Bournemouth, England in 1966. Hancock was very depressed, and the show was a disaster.

In Al Stewart: The True Life Adventures of a Folk Rock Troubadour, Stewart is quoted: "He came on stage and he said 'I don't want to be here. I'm just totally pissed off with my life. I'm a complete loser, this is stupid. I don't know why I don't just end it all right here.' And they all laughed, because is was the character he played... this sort of down-and-out character. And I looked at him and I thought, Oh my god, He means it. This is for real."

Hancock killed himself in 1968 with a drug overdose. Stewart's song was originally titled "Foot Of The Stage," with the chorus, "Your tears fall down like rain at the foot of the stage.
Many of Stewart's songs have alternate lyrics, and he wasn't happy with the Hancock-inspired words, as he didn't want to take advantage of the man's tragedy and besides, no one in America knew who Hancock was. Al re-wrote the lyrics as "Year Of The Cat,"