Greatest Hits is Spiderbait's seventh album. The band decided to put out the compilation after discovering newer fans weren't even aware of Spiderbait before Black Betty.

"We'd talk to these excited kids who didn't know our previous albums," recalls Kram. "It was like Tonight Alright was our debut album in some ways."

The sequencing of Greatest Hits was done in reverse order with the new song On My Way kicking off the album and 1991's Circle K completing it.

This album was released as a single-disc edition and also as a 2 disc version, the second disc was a DVD with all of Spiderbait's music videos up to that point (except On My Way).