The album includes recordings from all four ex-Beatles, with Paul McCartney, George Harrison and Ringo Starr recording new material, while John Lennon's version of "Blue Suede Shoes" comes from his album Live Peace in Toronto 1969; Jimi Hendrix's version of the same song is also an archive recording.
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The guitar was used at The Rolling Stones Rock and Roll Circus in December 1968, the Apple rooftop concert on January 30, 1969, and the concert of Live Peace in Toronto 1969 with the Plastic Ono Band on September 13, 1969.
It was released in 1970, after Lennon had issued three experimental albums with Yoko Ono and Live Peace in Toronto 1969, a live performance in Toronto credited to the Plastic Ono Band.