The hook of "Peace Frog" is a distorted G5 chord played three times by Krieger, followed by a brief percussive wah-wah effect. Morrison, who took the words from a notebook entitled "Abortion Stories", begins nearly every line with the word "blood", often referring to "Blood in the streets". A brief musical interlude is next, followed by a guitar solo, and a spoken word verse ("Indians scattered on dawn's highway bleeding"). The song ends with a final chord as it segues into the next track, "Blue Sunday".