Styx's feisty, straightforward brand of album rock is represented best by "Blue Collar Man" from 1978's Pieces of Eight, an invigorating keyboard and guitar rush -- hard and heavy, yet curved by Tommy Shaw's emphasized vocals. Reaching number 21, with the frolicking romp of "Renegade" edging in at number 16 only six months later, Pieces of Eight maintained their strength as a front-running FM radio group. Even though these two tracks were both mainstream singles, the rest of the album includes tracks that rekindle some of Styx's early progressive rock sound, only cleaner. Tracks like "Sing for the Day," "Lords of the Ring," and "Aku-Aku" all contain slightly more complex instrumental foundations, and are lyrically reminiscent of the material from albums like The Serpent Is Rising or Man of Miracles, but not as intricate or instrumentally convoluted. While the writing may stray slightly from what Styx provided on The Grand Illusion, Pieces of Eight kept their established rock formula in tact quite firmly. ~ Mike DeGagne, All Music Guide
The album was the band's follow-up to their Triple Platinum selling The Grand Illusion album. The band members produced the album and recorded it (like their previous three efforts) at Paragon Studios in Chicago with recording engineer Barry Mraz and mixing engineer Rob Kingsland. "I'm O.K" was recorded at Paragon and St. James Cathedral, because of the pipe organ. This would be the last album to be produced at Paragon Studios.
The theme of the album, as Dennis DeYoung explained on In the Studio with Redbeard which devoted an entire episode to Pieces of Eight, was about "not giving up your dreams just for the pursuit of money and material possessions".
Eight of the album's ten tracks have vocals, and it features two instrumentals, the DeYoung synthesizer showcase "The Message" and Tommy Shaw's closing "Aku-Aku" (although for the latter, there was one lyric spoken, the title of the song).
The album's cover was done by Hipgnosis. DeYoung stated in the same 1991 interview with Redbeard on the "In the Studio" episode that he initially hated the cover but grew to like it as he got older.
The album peaked at #6 on the Billboard album chart, and like its predecessor would go Triple Platinum.