Young Randy Newman penned this charming ode back before he began own solo career, and the song certainly lends a positive feeling for a new year or, simply, a new beginning.
While 'Happy New Year' is the side of honor considering the date, it's the flip side that REALLY cooks, and has a quite remarkable sotry as well.
The "Beverley" here in question at the time was Beverley Kutner. A few short years later, she married legendary (and superb) British folkie John Martyn where the two recorded some lovely music together.
HOWEVER, just a few short years earlier (1966), we find 19 year old Beverley backed in the studio by Jimmy Page (laying down some of his finest ever guitar workings, with a chunking riff that's virtually the blueprint for "Communication Breakdown") as well as John Paul Jones (making this one of the earliest sessions that these two played on which is heavily proto-Zeppelin-esque). This was also the debut release from Deram records, the highly influential London beat/psychedelic/ progressive label.
This record is hypnotic; the lulling piano (played by Nicky Hopkins) juxtaposed with the heavy guitar, Beverley's confident, swaggering vocal and the always fantastic British drumming.