"Penny Lane" is a song by The Beatles, written by Paul McCartney, recorded during the Sgt. Pepper sessions, and released in February 1967 as one side of a double A-sided single, along with John Lennon's "Strawberry Fields Forever". Beatles producer George Martin has stated he believes the pairing of these songs resulted in probably the greatest single ever released by the group. Both songs were later released on the US Magical Mystery Tour album in November 1967. Read more on Last.fm.