Two Bit Monsters is singer-songwriter John Hiatt's fourth album, released in 1980.

"It Hasn't Happened Yet" would be a minor country hit for Rosanne Cash, from her album Somewhere in the Stars.

Cash also covered "Pink Bedroom", on Rhythm & Romance.

The Boston Globe wrote that "Hiatt's effort is strong, angry, and intelligent...

"[4] All tracks written by John Hiatt, except where noted