The EP features four new tracks, a re-recording of "The Ballad of Jayne" and a cover version of the Kiss song "Cold Gin".

[1] The EP is the only release by the band on the StandBack Entertainment record label, as well as their only release to feature the lineup of lead vocalist Ralph Saenz, guitarist Tracii Guns, bassist Johnny Crypt and drummer Steve Riley.

[1] Saenz left the band halfway through the Rock Never Stops Tour in 1998, to be replaced by Joe Lesté and later Jizzy Pearl.

[2] Reviewing the EP for music website AllMusic, Jason Anderson described Wasted as "a little bland and predictable", accusing L.A.

[1] Anderson described the material on Wasted as "slightly heavier" than the band's earlier work, but claimed that "there isn't anything gained through the musician's efforts".