Play Me or Trade Me is the third and final studio album by the P-Funk spin off act Parlet. The album was released by Casablanca Records in 1980 and was produced by George Clinton and Ron Dunbar. Like many albums released by the label during this year, it would be totally ignored in terms of promotion due to the label being bought by Polygram Records (now Universal Music). The vocal line up for this album (Jeanette Washington, Janice Evans, and Shirley Hayden) remained the same as the previous album. Play Me or Trade Me failed to enter on the Billboard R&B album charts.
Play Me or Trade Me was reissued on CD in Japan on the Casablanca/Polystar label in 1992.