In 1965, The Lovin' Spoonful originally recorded and released the song as the first single from their debut studio album Do You Believe in Magic. The single was well received by the public and became a top ten hit on the Billboard Hot 100, peaking at number 9. According to the lyrics, the magic referenced in the title is the power of music to supply happiness and freedom to both those who make it and those who listen to it. The Lovin' Spoonful's version was ranked number 216 on Rolling Stone's list of The 500 Greatest Songs of All Time. Billboard said of the original single release that the "pulsating folk-flavored rhythm number serves as a strong and exciting debut for new group in the Byrds vein."[6]Cash Box described it as a "rollicking, teen-angled romancer with an infectious danceable riff."[7]Record World said that it has "plenty of beat and plenty of contemporary grit sound."[8]
In a 2007 DVD entitled The Lovin' Spoonful with John Sebastian - Do You Believe in Magic, author Sebastian illustrates how he sped up the three-chord intro from Martha and the Vandellas' "Heat Wave" to come up with the intro to "Do You Believe in Magic."
In 2002, "Do You Believe in Magic by The Lovin' Spoonful was inducted into the Grammy Hall of Fame.[9]
"Do You Believe in Magic" became a top forty hit again in 1978 in both the U.S. and Canada when Shaun Cassidy released his cover as a single. Cassidy's version reached number 31 on the Billboard Hot 100. The song was Cassidy's second successful remake of a 1960s hit, the first being "Da Doo Ron Ron" from his previous LP.
"Do You Believe in Magic" was covered by American pop rock duo Aly & AJ. Their version of the song was for Aly's film Now You See It..., and it also appeared in the 2007 Disney film "The Game Plan" as well as on their debut studio album, Into the Rush, in addition to an appearance on the 2009 soundtrack to the TV show Wizards of Waverly Place. The video has Aly and AJ performing with acoustic guitars in their loft apartment, cuddling their dog, taking Polaroids and then finger painting.