Mister Balloonman

There's a balloon stuck in a yellow tree. It's a nice contrast of yellow and blue. Blue tries to flee, tries to get free. Tell me Mr. Balloonman is it true?

Are you still left over from a party, Or couldn't a child hold on to you? For sure it tried hardly, Tell me Mr. Balloonman is it true?

Will you stay there, Shining in blue? Swinging in with the morning air, Tell me Mr. Balloonman is it true?