Carter’s well-documented inspiration for There’s a Love Knot in My Lariat came to him when he was walking to work at CBS Studios in his chaps in New York City. In just one day, he wrote the song and performed it on air. Subsequently, it became his theme song.

Country music star Slim Whitman, who has covered several of Wilf Carter’s songs during his career, had considerable success in the United Kingdom with his version of There’s a Love Knot in My Lariat. Alberta Slim also sang this song during his first radio stint in Regina in the early 1930’s.