The song's lyrics, which refer to riding \"the white horse\" and \"the white pony\", have been interpreted as references to heroin and/or cocaine use. Rolling Stone described \"White Horse\" as \"[p]erhaps the most unconvincing anti-drug song of all time\". An article in Miami New Times listed it as one of the \"top 10 cocaine songs\" and stated, \"It's often debated whether the white horse in this song refers to cocaine or heroin. Either way, Laid Back's 1982 single starts out persuading you not to ride the white horse but rather to ride the white pony, also a slang term for coke.\" The book Totally Awesome 80s described \"White Horse\" as \"a song with very few words that still managed to be about the joys of cocaine\". An article in the Tampa Bay Times stated, \"While the title seems harmless, those in the know figured out the song was about drugs.\"