The first version of the song was recorded in Hollywood in 1936 and performed as an instrumental by Barney Bigard and His Jazzopators. Two takes were recorded for Variety label, of which the first was issued as a 78 record (Variety VA-515-1) in 1937. The band members were:
The musicians were members of the Duke Ellington Orchestra, which often split into smaller combinations to record songs under different band names. For this recording, which included Ellington and Tizol as performers, the nominal session band leader was Bigard. As of 2024 this is the most covered song in history, with over 500 versions published.
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The track "You're Probably Wondering Why I'm Here", from the Frank Zappa and The Mothers of Invention debut album "Freak Out!", features the comedic line: "I wanna hear Caravan with a drum solo!"