The song started to be written and recorded on Harrison's apartment, in a session for their second studio album. The session was livestreamed though Harrison's Discord group, and they wrote "If I Can't Have You" in that same day.
Ängie and Harrison started writing the song with a melody and the line "I'm too cool for you", then worked on a pre-chorus and verse. The first draft of the song, done in that session had only a verse with two lines, pre-chorus and chorus, and had 1:30 of length.
The song was not included on the final tracklist for their album, and it is unknown if it was ever finished.
In the session, Ängie said she wanted to make a song about being interested in someone, but knowing you shouldn't be with them because they don't treat you like you deserve.