"Watching the Wheels" is a single by John Lennon released posthumously in 1981, after his murder. The B-side features Yoko Ono's "Yes, I'm Your Angel." It was the third and final single released from Lennon and Ono's album Double Fantasy, and reached No. 10 in the US on the Billboard Hot 100 and No. 7 on Cashbox's Top 100. It peaked at number 30 in the UK.

Double Fantasy is the fifth studio album by John Lennon and Yoko Ono, and the final one to feature Lennon before his death. Released in November 1980 on Geffen Records, the album marked Lennon's return to recording music full-time, following his five-year hiatus to raise his son Sean. Recording sessions took place at the Hit Factory in New York City between August and October 1980. The final album features songs from both Lennon and Ono, largely alternating between the two in its track listing. Other tracks recorded by Lennon from the sessions were compiled by Ono for release on Milk and Honey in 1984.