[5] The trio invited Steve Weber and Peter Stampfel of the band Holy Modal Rounders to perform with them at the February 1965 grand opening of Sanders' bookstore.

Harry Everett Smith, producer of the famous Anthology of American Folk Music, persuaded Folkways Records to issue the Fugs' first album.

Following recording sessions in April and September 1965, the album The Village Fugs—Ballads and Songs of Contemporary Protest, Points of View and General Dissatisfaction was released in late 1965 (Broadside BR 304; also listed with a related Folkways serial number, FW 05304, though it is unclear whether this is a separate pressing/edition).

Following a nationwide tour, the Fugs signed a contract with ESP-Disk, who re-released the album in 1966 (ESP-1018), in both mono and stereo, with some changed edits and one substituted take (see below).

Three additional performances and some studio chatter appear on the Fugs' 4-CD box set "Don't Stop!

The second version was released in 1966 on the ESP-Disk label with a blue-tinted cover, retitled "The Fugs First Album," and containing the exact recordings featured on the original Broadside edition; this is particularly noticeable because the song "Boobs A Lot" contains a mastering error in which the beginning of the song has been clipped off, an error that is included on both the original 1965 Broadside LP and the 1966 ESP blue-tinted LP.

The second recording session took place on September 22, 1965, according to Ed Sanders' memoir Fug You (page 161); this second session seems to have featured nine songs, recorded in stereo, including a drum set and electric instruments, with the core band members Sanders, Weaver and Kupferberg joined by musicians John Anderson (on bass), Steve Weber (on guitar) and Vinny Leary (on guitar).