The song is a paean to Elvis Presley — whose portrait was often painted on black velvet, and who used a hair dye named Black Velvet. Co-writer Christopher Ward, who was Myles' then-boyfriend, was inspired on a bus full of Elvis fans riding to Memphis attending the 10th anniversary vigil at Graceland, in 1987. Upon his return to Canada, he brought his idea to Alannah and producer David Tyson, who wrote the chords for the bridge. The song was one of three in a demo Myles presented to Atlantic Records, which eventually got her signed to the label.