Verse 1
I know it’s time, for me to step aside
And let you stand alone on your very own
The days have past and time has slipped so fast
And suddenly I feel so alone
Verse 2
First day of school I felt the fool tears from my eyes
As your little hand waved its good-bye
That day I knew
The days of Pooh and Scooby-Do where just memories
Imprinted in my mind
With dreams of this child of mine
Verse 3
One past midnight and two steps toward the dawn
And oh those childish dreams I do long
But I know it’s true, what we instilled inside of you
Will stay with you for all of your time
For time takes a child of mine
Refrain
Now I understand my father’s eyes
As he gazed within himself
The lonely pain inside but the gleam of pride
I know he must have felt
So its time, for this child of mine
Music
Refrain
First bike ride I cried as I watched your
Smiling face sail away
The lonely pain inside but the gleam of pride
I know was on your face
Surprise, Big Bird can fly
Verse 4
I’ll always see that little child right next to me
And the look of trust forever in those eyes
And if I could contrive a way to keep you by my side
I don’t think that I would if I could
For it’s time, for my child to fly

Basically its a tune for those of us who watch our kids grow up