Well, looks like I won’t have to sing it for you! I heard it on the radio today, and the woman said afterward it is called:
“Round And Round” by Frozen Ghost from 1988!
A very good song indeed… the band may be better known for “Dream Come True” which I believe is from 1989.
Thanks for all your help anyway, I got some good songs out of it, and I think you should all go listen to that song right now!

Aaaargghhh.
Well, I’m glad you found the song. I had this vague tune playing in my head based on the lyric snippets you posted. I have no way of knowing if this Frozen Ghost single is the right one.
Are they a Canadian band? Was Round and Round a hit only in Canada?
I googled, but I can’t find a clip.
I hope Blonde sees this.
Hmm, lets see what Kazaa brings up.
Ah … Frozen Ghost, which consisted of two former members of Sheriff. Interesting.