Not Drowning, Waving provide guitar. Their name is derived from Stevie Smith's poem "Not Waving but Drowning". Rowan McKinnon soon joined on bass guitar and they recorded "Moving Around" with a drum machine. Other atmospheric instrumentals were recorded at the LaTrobe University's music department's studio. "Moving Around" was released as their debut single in April 1984 on the Rampant Records label. While recording tracks for the debut album, "Another Pond", Bridie and Phillips joined McKinnon (also on guitar) in the ambient pop band, Easter, with Russel Bradley on drums and percussion, and Tim Cole on vocals. Cole became sound engineer and recording producer
Not Waving but Drowning figure might be Mary, a character in another poem by Smith entitled "Cool as a Cucumber." The drawing was used as the accompanying image for the poem "The Frozen Lake" in "Selected Poems," a self-edited compilation of Smith's works published in 1962. While Ingrid Hotz-Davies suggests that the "drowning man" is Smith herself, she also states that there are problems with reading the poem as a cry for help due to the humorous tone of the poem yet at the same time she also notes that the representational form of the poem "may easily be misread as a friendly wave