In 2001 the band received a request which had become quite familiar to them by that time - recording a song to feature on the soundtrack to a Hollywood movie. This time it was a snowboarding comedy movie produced by Touchstone Pictures and Spyglass Entertainment, 'Out Cold'. By October 2001 Hawkins was out of rehab and the band were back at Studio 606 in Virginia writing and preparing music for their next studio album. Rather than 'give away' any brand new song to the movie they decided to do what they had done twice in the past when asked to contribute to a movie soundtrack - re-record an old song.
This time the song they chose to re-record was 'Make A Bet', a song first recorded by Grohl in 1992 as part of 'Allister Lobb' (see earlier entry for details) and later recorded by Foo Fighters during the sessions for second album 'The Colour And The Shape'.
The new recording was noticeably more produced and tighter than the earlier recordings with more layered guitar work and an overall slicker sound, although the core structure of the song remained largely the same with a near identical runtime. For reasons unknown they didn't release the new recording as 'Make A Bet', instead the track was re-titled as 'Win Or Lose', both titles being lyrics featured in the song.
The track was first included on the soundtrack to the movie released in November 2001 and was then also included as a B-Side on two Foo Fighters releases in 2002, firstly on a CD single for 'The One' and then on the 'All My Life' single in various formats.