"You Just May Be the One" was written by Michael Nesmith in the pre-Monkees days. Chip Douglas, who produced Headquarters and Pisces, Aquarius, Capricorn & Jones Ltd., remembered the song from when Nez would perform it with Bill Chadwick at The Troubadour in Hollywood. "That's when I kinda first got to know him," Douglas told Andrew Sandoval. "I saw him with Chadwick. In particular, they were doing 'You Just May Be the One.' That is the one song that I remember I was real impressed with because I remember those harmonies: Bill Chadwick hitting that high A note there [on the bridge]. So when the song came up for suggestion to put on the album, I said, 'Yeah, that's great. Can we do that same harmony on there and everything like you guys used to do it?' He said, 'Sure, Micky will do it.'" (Bill Chadwick later worked with The Monkees behind the scenes and wrote several songs for the group, including "Zor and Zam.")
Now take a moment to vote in the Live Almanac's latest poll (in the blog sidebar to the right): "What are your two favorite Monkees B-sides?"