Co-written and originally recorded by Sonny West (Feb 1958).
Hit version by Buddy Holly (US #37/UK #5 1958).
From the wiki: “‘Rave On’ is a 1958 song written by Sonny West, Bill Tilghman and Norman Petty, first recorded by Sonny West and released in February 1958. The hit version was recorded later that same year by Buddy Holly, and was one of his six songs to chart in 1958.”
Buddy Holly, “Rave On” (1958):