The song was originally titled "Oxygen" and was written in 2002 during the making of Aerosmith's greatest hits compilation O Yeah! Ultimate Aerosmith Hits. The band rejected the song in favor of "Girls of Summer" and "Lay It Down."
Filming took place in April 2011 and the world premiere took place on Thursday, May 12, 2011 on American Idol where Tyler was a member of the judging panel alongside Jennifer Lopez and Randy Jackson. It features Nicole Scherzinger, who also provides backing vocals.
"(It) Feels So Good" made its debut on the Billboard Hot 100 at number 35, making it the highest charting song by any member of Aerosmith since 2001's "Jaded." It also debuted at number 24 on Hot Digital Songs with 77,000 downloads. As of July 15, 2011, the song has sold 197,000 copies.
It premiered on Ryan Seacrest's radio show on KIIS-FM in Los Angeles on May 9, 2011 and released digitally via iTunes and Amazon MP3 on May 10, 2011.
The cover photo was taken by Steve Erle. The logo used can be found on much of Tyler's clothing range (e.g. jackets, shirts, etc.), while the font is a similar style to that of the Aerosmith logo.