Released in 1982 as part of the album *Mirage*, "Gypsy" marked a significant moment in Fleetwood Mac's storied career, showcasing the band’s transition into the 1980s sound while retaining their classic rock roots. Written by Stevie Nicks, the song features a blend of pop-rock and new wave influences, characterized by its ethereal keyboard arrangements and Nicks' haunting vocal delivery. The single was a commercial success, reaching the top 10 in multiple countries and becoming one of the standout tracks of the album, which was produced during a time of personal and professional turmoil for the band. "Gypsy" was further popularized by its accompanying music video, which captured the mystical and bohemian essence of its lyrics and Nicks' persona.
Lyrically, "Gypsy" reflects themes of nostalgia, longing, and the journey of self-discovery. Nicks draws on her own experiences and the imagery of a wandering gypsy to convey a sense of freedom and the bittersweet nature of love and loss. Lines such as "And the gypsy, she is coming with the wind" evoke a sense of movement and change, symbolizing both the transient nature of relationships and the quest for identity. The song can be interpreted as a reflection on Nicks' past, particularly her memories of her time with former bandmate Lindsey Buckingham, and the emotional complexities that come with it. The repeated refrain of "back to the gypsy that I was" suggests a yearning for a simpler time and the desire to return to one's roots.