 This event was later eulogized by folk singer Don McLean in his famous song, "American Pie", in which the death of these '50s icons serves as a metaphor for greater changes within American society as a whole.In June 1988, around 600 people gathered to witness the dedication of the monument to the deceased rock and roll legends.Clear Lake also replaced street signs officially changing 2nd Place North to Buddy Holly Place in honor of the late singer.