Waterloo Lily is a 1972 released album by Caravan on the Deram label. It is the only album made by Caravan with Steve Miller as the keyboard player. He brought a jazzier feel to the sound of Caravan than had been heard on the previous album. The track "The Love in Your Eye" has been featured as a live track for many years by the band.The album cover detail from "The Tavern Scene" from A Rake's Progress by William Hogarth.