Not sure - could it be Tea for Two Cha Cha Cha style. Look on UTube and Tommy Dorsey is playing it but cant find guys with balloons on UTube so not sure
Yes, Wheels it was. I have the most embarrassing memory of my mum doing some stupid dance to it a wedding and everyone (except me) thinking it was hilarious. Original recording here - and I still love it.
Here's the balloon dance in all its glory, but you may need to be signed up/signed in in order to see it.