[KevinB]

“Hey let’s write a song where we play the most cliched chord progressions ever conceived over and over and over and over and over until peoples heads explode”

Don Felder did steal the progression from "We Used to Know" by Jethro Tull, but I-V-vi-IV is the most cliched chord progression as is entertainingly displayed in the video linked below. (Incidentally, the short dark-haired guy in the video is now a "she.")

Axis of Awesome - 4 Four Chord Song

[TalBlack]

Pikers! I burned songwriting down to one chord. Technically some may argue that in playing bits of a barred major chord at different times is more than one chord but still, you can hold the one chord and do the entire song.

[dfwgator]

Ian Anderson said he considered Hotel California to be a tribute, “a bit like this tribute Rolex I’m wearing.”