View credits, reviews, tracks and shop for the Vinyl release of "You And Me" on Discogs. "Magnet and Steel" is a hit single written and performed by Walter Egan, released in March It was the first and biggest hit on Egan's second solo LP. For you are a magnet and I am steel. I can hope that I'll hold you for long (Oh) you're a woman who's lost to your song (Oh) but the love that I feel is so. Ed from Rockwood, TnIf you really listen to the song, I swear you hear all three Fleetwood Mac vocalists in it, especially in the harmony Stevie Nicks. Magnet and Steel Lyrics: (Oh oh, ah) Now I told you so you ought to know (Oh) it takes some time for a feelin' to grow (Oh) but you're so clo. Magnet and Steel- Walter Egan. IMO it simply means that, as a magnet attracts steel, you attract me. It could go a little deeper and say that this attraction. classic song. I love this one. Walter had young Stevie Nicks sing the backing vocals on this classic tune. Stevie Nicks is the lead singer of Fleetwood Mac. For you are a magnet and I am steel. I can hope that I'll hold you for long (Oooooh) You're a woman who's lost to your song (Oooooh) But the love that I. 'For the month of December I think I had her attention,' Egan you may not know about Walter Egan's hit, "Magnet and Steel. Walter Egan w/ Stevie Nicks - Magnet And Steel. Christopher Selby; 10 years ago. Now I told you so you ought to know Ooh, it takes some time for a feelin'.