"Underwater World" is from the band's US-breakthrough album Two Steps From The Move, and was released as a single and as an EP in August 1984 in Finland and in November in the UK.

"Underwater World" was chosen as the "Single of the Week" in the September 8, 1984 issue of the UK's Sounds magazine, ahead of songs like "Pride (In the Name of Love)" by U2, Heaven's on Fire by Kiss and Smooth Operator by Sade.

The band's guitarist and primary songwriter Andy McCoy described the song in August 1984 in the Finnish music magazine Soundi: "What could i say about it?

[attribution needed] Later the band Guns N' Roses took the title of their hit song, "Welcome to the Jungle" from "Underwater World's" chorus where Michael Monroe sings: "Welcome to the ocean.

"Magic Carpet Ride" was also left out of the album but was included on the remastered CD-version and on a Finnish compilation.