Psychedelic Pill sees Neil Young and Crazy Horse follow up their previous release Americana, with another new album that was recorded around the same time as its predecessor. Produced by Young, John Hanlon and Mark Humphreys, the album features eight tracks and a bonus track across two discs. The format is largely due to the length of some tracks, including "Driftin' Back", which lasts for almost a full half hour, or "Ramada Inn" and "Walk Like a Giant", both longer than 16 minutes.

CD 1:

1. Driftin' Back - 27:37

2. Psychedelic Pill - 3:28

3. Ramada Inn - 16:50

4. Born In Ontario - 3:49

CD 2:

1. Twisted Road - 3:29

2. She's Always Dancing - 8:33

3. For The Love Of Man - 4:14

4. Walk Like A Giant - 16:29

Bonus Track

5. Psychedelic Pill (Alternate Mix) - 3:12