Bjorn Ulvaeus wrote the lyrics after watching his 7 year old daughter Linda go off to school, realizing she was beginning to "Slip through his fingers" and grow up. It's one of his favorites; Ulvaeus said of the song, "Every parent knows that feeling, even if you were with them every waking hour you'd still feel that you were missing something."
The lead vocal is performed by Linda's mother (and Bjorn's ex-wife) Angetha. They also had a son named Christian together before their divorce.
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