The master recording of "Eight Miles High" was recorded on January 24 and 25, 1966, at Columbia Studios in Hollywood, with record producer Allen Stanton guiding the band through the recording process. John Einarson has noted that the influence of Coltrane's saxophone playing and, in particular, his song "India" from the Impressions album, can be clearly heard in "Eight Miles High"--most noticeably in McGuinn's recurring twelve-string guitar solo. In addition to this striking guitar motif, the song is also highlighted by Chris Hillman's driving and hypnotic bass line, Crosby's chunky rhythm guitar playing and the band's ethereal harmonies.  "Eight Miles High" also exhibits the influence of sitarist Ravi Shankar, particularly in the droning quality of the song's vocal melody and in McGuinn's guitar playing. However, the song does not actually feature the sound of the sitar, despite the Byrds having appeared brandishing the instrument at a contemporary press conference held to promote the single. In a 1966 promotional interview, which was added to the expanded CD reissue of the Fifth Dimension album, Crosby said that the song's ending made him "feel like a plane landing."  An earlier version of "Eight Miles High" was recorded with Al Schmitt at RCA Studios in Los Angeles on December 22, 1965, but Columbia Records refused to release that recording because it had not been produced at a Columbia-owned studio. McGuinn has since stated that he believes this original version of the song to be more spontaneous sounding than the better known Columbia release. That opinion was echoed by Crosby, who commented, "It was a stunner, it was better, it was stronger. It had more flow to it. It was the way we wanted it to be." This original version of "Eight Miles High" initially saw release on the 1987 archival album Never Before and was also included as a bonus track on the 1996 Columbia/Legacy CD reissue of Fifth Dimension.

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This original version of "Eight Miles High" initially saw release on the 1987 archival album Never Before