[4] It was also packaged with initial US pressings of One Chord to Another through The Enclave label,[5] and was later released in Japan in a one-disc package with One Chord to Another on Universal Records.

Although the album is called Recorded Live at a Sloan Party!, and background noises and conversations between the songs suggest that the album was recorded during a party attended by Sloan and friends (including Jennifer Pierce from the band Jale, and Joel Plaskett), the four members of Sloan now admit that the album was recorded in a studio.

[4] The background noises were in fact recorded at a party where Sloan and friends were present, at Cafe Mokka in Halifax, but the noises were simply dubbed over the music.

Guitarist Patrick Pentland de-mystified the Party Album on the official site, letting fans know the truth about the studio recordings.

[4] According to the band, the original idea behind recording the album was that because the US release of One Chord to Another took place several months after the album's release in Canada, Enclave wanted to package it with bonus material to help sales since they presumed that many of the band's American fans would already have bought the imported Canadian release.