The search for "balloon" delivered 2 verses in 2 songs on 2 records.
The dragon searched for the following: "balloon" as keywords
Here are the matching verses:
Roger Glover's Butterfly Ball
1. Sitting In A Dream
Watching as a red and white balloon
Sails across my mind
In between the images that drift along my tune
Smile as they unwind
Going nowhere, sitting in a dream...
Ah, in a dream
Rainbow: Ritchie Blackmore's Rainbow
5. Snake Charmer
Hey shiny boots
With strings and flutes
Rising like a crazy balloon