Cold and Bouncy is the fourth studio album by Anglo-Irish avant-pop band the High Llamas, released on 27 January 1998 by V2 Records.

According to bandleader Sean O'Hagan, the title refers to electronica's "paradoxical" combination of "cold" or digital sounds and "bouncy" rhythms.

[3] O'Hagan played early versions of Cold and Bouncy tracks to the Beach Boys' Bruce Johnston and Al Jardine, who suggested that their band record his songs.

[5] Several months after its release, it was followed with Lollo Rosso (13 October 1998), which contains seven of the album's tracks remixed individually by Mouse on Mars, Cornelius, Schneider TM, Jim O'Rourke, Kid Loco, Stock, Hausen & Walkman, and the High Llamas themselves.

Instead of adding depth, the length makes O'Hagan's ideas difficult to assimilate, and by the end of the record, it sounds like he only has variations on a handful of themes.