The 1957 Buddy Holly recording of “That’ll Be The Day” was certified gold – for
over a million sales in 1969 by the RIAA. The the single was inducted into the 
Grammy Hall of Fame in 1998.

In 2005, the 1957 recording was placed in the National Recording Registry, a
list of sound recordings that "are culturally, historically, or aesthetically important,
and/or inform or reflect life in the United States."

“That’ll Be The Day” became a number-one hit on the 1957 "Best
Sellers in Stores" chart in Billboard magazine.

Wayne’s frequently-used, catchphrase, "that’ll be the day" from this 1956 movie inspired the young musicians in writing the song.