Roy Orbison passed on before the music video was produced.

An empty rocking chair with a guitar appears during his solo in the video, and a photo of him as a younger man.

Tom Petty and Jeff Lynne have the best lyrics in the song.

Tom Petty:

Don't have to be ashamed of the car I drive (end of the line)
I'm just glad to be here, happy to be alive (end of the line)
It don't matter if you're by my side (end of the line)
I'm satisfied

Jeff Lynne:

Well it's all right, even if you're old and grey
Well it's all right, you still got something to say
Well it's all right, remember to live and let live
Well it's all right, the best you can do is forgive

The Traveling Wilburys were a British-American supergroup formed in Los Angeles in 1988, consisting of Bob Dylan, George Harrison, Jeff Lynne, Roy Orbison and Tom Petty. They were a roots rock band and described as "perhaps the biggest supergroup of all time".[1]

https://en.m.wikipedia.org/wiki/Traveling_Wilburys