Priscilla Presley, Lisa Marie Presley and Oprah

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Priscilla says she tried very hard to raise a daughter who was grounded. But Elvis often would spoil Lisa Marie with lavish gifts. Priscilla says she would take the gifts—including a diamond ring he gave Lisa Marie when she was 6 years old—and put them away in a closet.

"He gave her a fur coat—a mink coat," Priscilla recalls. "I think he gave it to her for her birthday and I said, 'You're not wearing this. This is not for you. You're 5 years old. You're not wearing a mink coat. I'm sorry. Excuse me.' So I called him up and I said, 'What are you doing?' So it was just too much."

Priscilla says Elvis, who grew up very poor, just wanted to give his daughter things he didn't have.

"And even though a child doesn't put a lot on it, others put a lot on it," Priscilla says. "The comments from other people...that really bothered me because I didn't want her to grow up as we know many privileged children are. Excess is really horrible. If you're not ready for it, it really does disturb your judgment."