It was released by Distant Recordings and Teil Martin International on February 27, 1999, the same day as the band's debut studio album Volume 1.

In contrast to other releases by the band, the album features a number of comedic tracks included in the CKY video, as well as various skits and other rough recordings.

[2] The video's two main stars, DiCamillo and Bam Margera, are featured on a number of songs including "Step to CKY", "Santa's Coming" and "Drunken Freestyle".

[2][5] In between the first and second pressings of the album, a limited edition of 100 copies was reportedly produced and distributed by drummer Jess Margera with a different track listing.

[7] Due to both the rough nature of many of the tracks on Volume 2, as well as the rarity of the album itself, a number of songs have been included on later releases: "Genesis 12a", "Santa's Coming", "Shippensburg", the "Rio Bravo" remix, "Foreign Objects #10" and the "Disengage the Simulator" demo were included on the 2000 extended play (EP) Disengage the Simulator.