Hybrid languages are expansions of propositional modal languages which can refer to (or even quantify over) worlds. The use of strong hybrid languages dates back to at least [Pri67], but recent work (for example [BS98, BT98a, BT99]) has focussed on a more constrained system called H(↓, @). We show in detail that (↓, @) is modally natural. We begin by studying its expressivity, and provide model theoretic characterizations (via a restricted notion of Ehrenfeucht-Fraïssé game, and an enriched notion of bisimulation) and a syntactic characterization (in terms of bounded formulas). The key result to emerge is that (↓, @) corresponds to the fragment of first-order logic which is invariant for generated submodels. We then show that (↓, @) enjoys (strong) interpolation, provide counterexamples for its finite variable fragments, and show that weak interpolation holds for the sublanguage (@). Finally, we provide complexity results for (@) and other fragments and variants, and sharpen known undecidability results for (↓, @).