Our Love Is New Love

Our love is new love
Our love is true love
Don’t be blue love
Because I love you love

Our love is new love
My love is true love
I won’t be blue love
Because I love you love

Our love is new love
Is your love a true love?
Don’t make me blue love
Say I love you too love

Hidden Beauty

Despite the apparent simplicity of the poem, it's not entirely clear who loves whom. Is there perhaps a third party involved?