"Good Time" is an up-tempo song in which the narrator claims that he is tired after a week of working, and wants to have a party because "all the conditions are right".

After the first verse, the lyrics list off the various details of the party, such as "a shot of tequila, beer on tap / Sweet Southern woman to sit on my lap". The lyrics also contain references to "All My Rowdy Friends Are Coming Over Tonight" by Hank Williams, Jr., and "Boot Scootin' Boogie" by Brooks & Dunn. The radio edit omits two verses. Jackson also released a remix called the "Too Hot to Fish" mix, which increases the rhythm section.

As with all the other songs on the album, Jackson wrote "Good Time" himself. Describing the song in an article for Country Weekly magazine, he said, "I've just always written simpler things… just things that I like and my fans still like… [Fans] would just rather have something that makes their day easier."

Thank you for listening to my cover.