It Was a Rejected Boomtown Rats Tune
Geldof saw the documentary in October and wanted to release the song before Christmas, so he knew he was under a tight schedule. He also knew that doing a cover was out of the question because he would have to pay royalties (which would be subtracted from the charity money).
Luckily, Geldof had already cooked up some lyrics before, with the intent of recording it as a song for the Boomtown Rats titled “It’s My World.” Apparently, his band members weren’t into it and decided to scrap it. Good thing they did!