I'm Putting All My Eggs in One Basket
Louis Armstrong & Ella Fitzgerald Lyrics

Louis Armstrong's song "I'm Putting All My Eggs in One Basket" tells the story of a man who had previously led a life of being a "roaming Romeo", with multiple relationships occurring simultaneously. However, now he has decided to end that phase of his life and put all his faith and love into one person. He has accumulated a great deal of love and affection, represented by the "great big amount saved up in my love account", and he has decided that it is better to invest all of it in one person than to divide it amongst many.

He acknowledges the risk involved in betting everything on one person, asking for divine help if things don't work out, as he has no backup plan in this scenario. He also recognizes the danger of having too many options or "irons in the fire", as it can be overwhelming and ultimately unfulfilling. By deciding to focus all his attention and affection on one person, he hopes to find a deeper level of love and satisfaction. The female counterpart in the song tells a similar story, highlighting the commonality of this struggle to find love and stability.

The lyrics of the song resonate with people who have experienced the contradicting emotions of wanting to explore various options versus wanting to commit to one. The metaphor of putting all one's eggs in one basket can be interpreted to mean taking a significant risk or vulnerability. It's a reminder that love is a gamble, and there are no guarantees of success.