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This article is from the Smashing Pumpkins FAQ, by Mike Hamilton michaelh@ualberta.ca with numerous contributions by others.

4.5 "Bootlegs" (Smashing Pumpkins)

A bootleg can refer to one of two things: 1) an audience recording,
traded around by fellow fans, or 2) a CD manufactured by a company not
connected to the band, containing live or unreleased studio tracks. In
both cases, the band makes no profit from these, while in the latter
case, someone else -does-. CD boots, usually listed as "imports",
generally run for $20-30, and can be somewhat difficult to track down
(i.e. you won't find them at any large chain stores). Tapes recorded by
fans are most often traded for other tapes, although some traders sell
their tapes for cost. For more info, check out the FAQ for
alt.music.bootlegs.

 

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