Todd Rundgren released his version on his 1978 album Hermit of Mink Hollow. This was the only hit single on the album, reaching #29 on the US Billboard Hot 100,[1] and also peaking at #8 in Australia. The lyrics describe a relationship to which Rundgren and the woman to whom he is singing have made great efforts to fix, but simply cannot make it work. Rundgren explains this, but wishes to part amicably, asking several times if he and his partner can "still be friends." The song is generally assumed to be about Rundgren's breakup with long-time companion Bebe Buell in 1977. Rundgren played all the instruments and performed all the vocals on the track, as he did with the rest of the album.
In 1994, the song made a prominent appearance in the film Dumb and Dumber, for which Rundgren had composed the score. It also appears on the soundtrack for the 2001 film Vanilla Sky, and the TV series Nip/Tuck.
Colin Blunstone recorded a version on his 1979 album "Late Nights in Soho".
Rod Stewart recorded the song as a track for his 1984 album Camouflage. His version is performed at a faster tempo than Rundgren's and Palmer's versions and features more prominent use of the synthesizer.
Marc Jordan recorded the song as a track for his 1990 album COW.
Kate Markowitz recorded it for her 2003 album Map of the World.
Argentine rock musicians Charly García and Nito Mestre, founding members of the band Sui Generis, recorded a Spanish version entitled "Yo soy su papá" ("I am his father"), which appeared on their 2000 album Sinfonías para adolescentes (Symphonies for Teenagers).
Filipino singer, actress and TV host Toni Gonzaga covered the song as part of the soundtrack of the 2017 film of the same name starring Gerald Anderson and Arci Muñoz.
^Deggans, Eric (January 1, 1998). "Robert Palmer". In Graff, Gary; du Lac, Josh; McFarlin, Jim (eds.). MusicHound R&B: The Essential Album Guide. Detroit: Visible Ink Press. p. 439.