An early version of "Wasting Time" appears on the band’s 1994 split 7-inch with the Iconoclasts, Short Bus.
"Wasting Time" largely centers on an attempt to gain the attention of a girl, to the point of writing a song about her. The line "In my town, you can’t drive naked" was suggested by engineer Jeff Forrest when Hoppus was recording vocals for the track at Doubletime Studios in San Diego. "Jeff never offered any further insight into what may have been the source material for this pro-active free association, and we never asked," remembered drummer Scott Raynor in 2010.
Mike Halloran of XETRA-FM and producer O considered "Wasting Time" to be the band's debut single, but chose "M+M's" instead. "Wasting Time" was released as a single by Cargo/Grilled Cheese in the summer of 1996, and was the final single from Cheshire Cat. It was released as an "Australian Tour EP", and contains early versions of two songs later re-recorded for the band's major label debut, Dude Ranch: "Lemmings" and "Enthused".