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"Mí" is a form of "mí", a pronoun which is often translated as "me". "Canción" is a noun which is often translated as "song". Learn more about the difference between "canción" and "mí" below.
la canción()
A feminine noun is almost always used with feminine articles and adjectives (e.g., la mujer bonita, la luna llena).
mí()
A pronoun is a word that stands in for a noun (e.g., she).