This song was titled after the James Joyce novel of the same name, which chronicled a day in its protagonist's life. It also references the Greek Mythological hero Ulysses who was the hero of Homer's epic poem, The Odyssey. Frontman Alex Kapranos told Mojo magazine May 2008: "I like the idea of the gods blowing you away for 10 years. I like the idea of being out in the Aegean - of being lost but embracing it."

Kapranos referred to this song when interviewed by Rolling Stone as, "quite an odd one," adding, "It's got the immediacy of a Pop song but it's an abstract construction too. Having the immediacy of pop without the conventions of pop is something that we still aim for."

This song was previously used as part of a sound art exhibition by the Albanian artist Anri Sala that was held in London.

Kapranos told Mojo December 2008 that Tonight: Franz Ferdinand is, "a night time record, about different elements of a full-on night out, from being charged up for decadence to being on the dancefloor, to freaking out, to rocking yourself to sleep in your bedsit at the end of it. The title is about the sense of anticipation that something big's about to happen."

The cover art for the single was photographed in Brooklyn by Guy Eppel. It is part of a series of photos of the band that are of, according to Franz Ferdinand's blog, "imaginary crime scenes."