"Permanent waves" or not, this song was a huge succes that stayed 4 weeks at number one position and also reachhed the 4th place in the U.K. charts...
For your information, Jon Bon Jovi (lead singer), didn't like that song and it's Richie Sambora (lead guitarist) that convinced him that the song was pretty good and deserved to be part of their second album "Slippery when wet"! Finally, that song became and still is one of their biggest hits, if not THE biggest... Well done Jon ! ;-)
In 2006, on VH1's website, people voted for the "100 biggest hits from the 80's", and guess who what? "Livin on a Prayer" reached the first place!