This song was written fro the Broadway musical “The Happy Time”
Kander and Ebb recorded it in a demo tape but eventualy the song was cut and replaced by another song called “The Life of the Party”
The song was intended for Grandpere Bonnard (played in the original Broadway production by David Wayne) and several guests at his birthday party. At his birthday Grandpere claim that he never grows older since ench year he celebrates his birthday he gets younger instead of older. As the song goes on several member of the party join in.