For years, bands have recorded cover songs as a way of paying tribute to their influences (although not always with good results). But the Flaming Lips have taken it one step further. They have recorded a song-for-song remake of King Crimson's debut, 'In the Court of the Crimson King.'

The album, which is called 'Playing Hide and Seek with the Ghosts of Dawn,' is currently streaming at the band's Satellite Heart Radio website. A limited-edition vinyl copy was reportedly released under-the-radar in a select number of shops, but the band hopes to have it available for purchase online in the near future.

As with all things Lips, the project was the brainchild of frontman Wayne Coyne, who is pretty much the closest rock has to a 21st century schizoid men at the moment. "I guess it’s just one of those random cool Wayne ideas," said Linear Downfall guitarist Chance Anthony Cook, whose band contributed to the album. "I heard the album briefly before. I love that album now."

This isn't the first excursion into classic rock for the Flaming Lips. In 2010 they remade Pink Floyd's 'Dark Side of the Moon' and took it on the road. Earlier this year, their Record Store Day exclusive copied Kiss' famous comic book trick when they included the blood of their collaborators in the record's grooves.