"Hey Presto!" by Jebediah is a song that tells the story of a woman who starts off as a caring mother figure, taking the narrator out for tea and making them feel loved and supported. However, as the song progresses, it is revealed that she has a tendency to become controlling and stingy with her money. This leads to arguments and fights, causing the narrator to feel like they are losing her once again. The lyrics suggest that the woman's main focus is on the world and her own desires, leaving little room for the narrator and their relationship. They express a sense of longing for the past when things were different, and the narrator and the woman were happy friends, even if it was sometimes just a facade. The song raises questions about when and why the woman changed, and if there was something inherently wrong in their relationship from the beginning. The repeated line of "we're losing her again" highlights the sense of loss and disconnection felt by the narrator. Overall, "Hey Presto!" portrays a complex and bittersweet relationship, emphasizing the longing for love and acceptance, and the deep desire for things to return to how they used to be.