Myers himself has stated in interviews that the idea for Austin Powers came to him one night while driving home from ice hockey practice. Hearing the song "The Look of Love" by Burt Bacharach on his car radio, he wondered "Where have all the swingers gone?" and conceived the character who would become Austin Powers.
In an interview in November 2018 with Access Hollywood, Myers stated, "After my dad died in 1991, I was taking stock of his influence on me as a person and his influence on me with comedy in general. So Austin Powers was a tribute to my father, who [introduced me to] James Bond, Peter Sellers, The Beatles, The Goodies, Peter Cook and Dudley Moore."
The Austin Powers character first appeared in the band Ming Tea, with Myers as Powers, Susanna Hoffs as Jillian Shagwell, and Matthew Sweet as Sid Belvedere. Myers' wife Robin Ruzan said Myers should write a movie based on Powers.
The first phrase he thought the character might say was "Do I make you horny?", which later did indeed become a catchphrase for the character. He has also disclosed that the character also draws on his recollections of former Radio Caroline DJ Simon Dee, who hosted the first real television chat show in the United Kingdom in 1967, which ended with his driving off in a sports car with a young blonde in the passenger seat. An important inspiration for the series is British super spy James Bond. Myers said of Bond: "I can't even tell you how huge it was in our house ... That's really why I wanted to do Austin Powers. Austin Powers is out of pure love for James Bond."
Though Myers is Canadian by birth, his parents are natives of Liverpool, England, and Myers holds dual nationality. Although the films parody the plots and characters of 1960s spy movies and the Swinging London fashion scene of the era, the humour is influenced by Myers's British heritage, particularly the Carry On films and the comedic works of Benny Hill and Peter Sellers, the latter of whom Myers is a self confessed fan (his favorite films being the Bond spoof Casino Royale and The Party).
Austin Powers is everything I watched (on TV in the late sixties). My parents were from Liverpool, and there's no one more English than an Englishman who no longer lives there. Every molecule of British culture that came across the Atlantic was tasted and worshipped.