User blog comment:MiscellaneousSoup/Magic Carpet Ride/@comment-3347644-20110514035428

As confirmed by John Colton Barry, "Aerial Area Rug" is one of the episode's musical numbers. In his words ... "The song is a satire of a breathless Disneyesque inspirational song but at the same time is a beautiful and fun song aside from the satire."

Assuming he's implying a parody / replica of "A Whole New World", you're correct -- we can assume a few romantic moments here and there. :) I'm sure it will be used to Phineas and Isabella's advantage, as Candace and Jeremy's relationship has been explored plenty.

Slightly -- extremely -- anticipating this. :)