In the DVD Hell Freezes Over, the Eagles discussed this song’s origins. When they were a struggling band in Los Angeles, they saw a lot of beautiful women around Hollywood who were married to wealthy, successful men, and wondered if they were unhappy. One night they were drinking in a bar (their favorite watering hole: Dan Tana’s) when they spotted this stunning young woman; two steps behind her was a much older, fat, rich guy. As they were half laughing at them, Glenn Frey commented, “Look at her, she can’t even hide those lyin eyes!”
Realizing they had a song title, the band members began grabbing for cocktail napkins to write down lyrics to go with that great observation.