Written and first recorded by Tom Waits (1973).
Hit album version by Eagles (B-side US #1/UK #51 1974).
From the wiki: “‘Ol’ ’55’ is a song by American musician Tom Waits. It is the opening track and lead single from Waits’ debut studio album, Closing Time, released in March 1973 on Asylum Records. Waits has been critical of cover versions of the song, admitting that he was ‘not that particularly crazy about [Eagles’] rendition of it … I thought their version was a little antiseptic.’ Eagles released their cover version as the B-side in the US and the UK to their hit ‘Best of My Love’, from the 1974 album On the Border.”
Eagles, “Ol’ 55” (1974):