Last Fair Deal Gone Down is the fifth studio album by Swedish heavy metal band Katatonia, released in 2001 by Peaceville Records.

After forming in the early 1990s, the band started off by released two albums of death/doom metal music with screamed vocals, Dance of December Souls and Brave Murder Day.

The band hired Daniel Liljekvist, as a new drummer, a role previously filled by Renkse and session musician Dan Swanö.

Concentrated writing sessions lasted between six and seven months, though many rough song ideas had been written by Renkse intermittently over the years.

The sessions were stressful, with band members frustrated that their financial limitations often lead to forced breaks when they desired to continue working on the album.

[3] William York of AllMusic described the album's sound as "depressing, heavy alternative rock with a notable Cure influence" but that "Katatonia is not really playing metal anymore here".

[1] The album features entirely clean vocals of Renkse, frequently overdubbed, along with thick distorted guitar parts and hard-hitting drum sound.

"We Must Bury You" was about a newspaper article he had read about people committing an accidental murder, and the fear and regret he imagined they felt in taking care of the body.

[3] William York of AllMusic praised the album's increased production values from the band's prior releases, stating that it worked well for "accentuating the quiet verse/loud chorus dynamics...making the loud parts hit harder and the softer parts come through with more detail" and concluded that it was"...an excellent album on the whole: heavy, tuneful, and thick with atmosphere and melancholy.