"Here We Go Around Again" was recorded by Dana Jon Chappelle and mixed by Brian Garten. According to the album's liner notes, Carey "[had] always liked it and did want it to be included on my first album. I don't remember why it wasn't, except we felt that we never quite captured the magic of that first demo. This recording is as close as we got."[3] In an interview with Fred Bronson, Margulies revealed that their first collaboration, “Here We Go Around Again,” was recorded in the back of his father's cabinetry factory in Chelsea, New York City: "It was this real Motown thing. She wrote all the verses out. We were very excited because she sounded incredible. That was the beginning of the collaborating."[4]
"Here We Go Around Again" was first teased on August 21, 2020, on a Zoom chat with reporters, influencers and fans to promote "Save the Day".[5] On November 19, 2020, it was announced that the song would be paired with『Loverboy (Firecracker – Original Version)』and released as a limited edition cassette single in Japan, set to be officially released on December 11, 2020.[2] The next day, however, the cassette was made available worldwide on Carey's official online store, included in bundles with clothing items and accessories.[2]
Billboard writer Joe Lynch described the first teaser of "Here We Go Around Again" which was premiered on Carey's Zoom chat for "Save the Day" as "a snippet of a Jackson 5-esque song that dates back to her 1990 debut".[5]Idolator writer Mike Wass stated was "hard to understand how something this effortlessly charming and catchy didn’t make the tracklist of Mariah’s debut album."[6] Carey channeled The Jackson 5 on this "buoyant bop from 1990, sounding so innocent that she can barely contain the sheer joy of relishing in her own melismatic powers."[6][7]Los Angeles Times pop-music critic Mikael Wood praised the song stating that her vocals were "precise as always" and praised her writing style saying that it was "already in a tune whose darting melody evokes the comings and goings of a guy who can’t make up his mind about her."[8]