The One I Love Band is an American alternative rock band from Athens, Georgia. The band was formed in 1980 and consists of lead vocalist Michael Stipe, guitarist Peter Buck, bassist Mike Mills, and drummer Bill Berry. Their most popular song, 'The One I Love, ' was released in 1987 and reached number nine on the Billboard Hot 100 chart. REM, the three-letter acronym for the band, stands for Rapid Eye Movement, which is a stage of sleep.