“Double Fantasy” is a reference to a relationship that is based on physical and materialistic pleasures, and the Weeknd and Future know that it’s not morally right or socially acceptable. It serves as a sonic companion to The Idol, a series co-created by the Weeknd and Euphoria creator Sam Levinson which explores similar themes.

In his verse, Abel identifies that his lover thinks they are right for each other, but he knows that the relationship is wrong. In his verse, Future adds his own perspective, describing a relationship where both parties know it’s wrong but indulge in it anyway. He talks about their physical intimacy and indulging in materialistic pleasures.

The Weeknd originally played a snippet of the song on Instagram Live on April 10, 2023. The song would later be performed at Coachella 2023 on April 14, where Abel was featured alongside the song’s co-producer, Metro Boomin. The single was officially released on April 21, 2023.