Nothing Lasts... But Nothing is Lost is a 2005 album by Shpongle. It is the project's third and was announced as their last, though that plan later changed. Like the previous two albums, it features many live musicians and vocalists in combination with computer-generated sounds and spoken-word samples. Stylistically the album can be described as a fusion of world music, intelligent dance music, and psychedelic trance. It is dedicated in memory of author and psychedelic researcher Terence McKenna, whose voice and ideas are used throughout the album. The tracks flow together continuously without any break.
According to Simon Posford, the album actually has 8 songs divided into 20 tracks. Each part symbolizes a phase in the dream sequence. The vinyl version of the album is separated into these 8 tracks, but the track listing is identical to that of the digital and CD versions.