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"Two out of Three Ain't Bad" is a love song by the American musician Meat Loaf in his solo career, preceded by "You Took the Words Right out of My Mouth" and followed by "Paradise by the Dashboard Light". It is a track off his 1977 album Bat out of Hell, written by Jim Steinman. It reached #11 on the Billboard Hot 100, becoming one of his highest-charting U.S. releases.

It was the final song written for the album. In a 2003 interview for the VH1 Ultimate Albums series, Steinman recalls:

"I remember Mimi Kennedy [a cast member of Jim's then-current musical Rhinegold] telling me, she said, you know, when I was probably complaining why no one liked my stuff and couldn't get a deal, she says, "Well Steiny, your stuff is so complicated. Can't you write something simple?" And while she was saying that the oldies station was on the radio and it was playing that old Elvis song, 'I Want You, I Need,' whatever it was. 'I Want You, I Need You, I Love You', you know. I just started singing my own song but it was 'I Want You, I Need You, I Love You.' She said, "Why don't you write something simple like that, 'I want you, I need you, I love you'?" I said, "Well I'll try." I don't try to make them complicated. I remember going home and I tried so hard but the best I could do was: I want you, I need you but there ain't no way I'm ever gonna love you, don't be sad, 'cause two out of three ain't bad. So it was still a twist but it was my closest to a simple song, and one Elvis could have done."

A music video was shot for the single.

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