So, why cover a tune when you can pay tribute to the whole album, right? Oklahoma's fearless freaks tackled Pink Floyd's classic Dark Side of the Moon [Harvest-1973] three years ago on The Flaming Lips and Stardeath and White Dwarfs with Henry Rollins and Peaches Doing The Dark Side of the Moon [Warner Bros-2009]; now it's King Crimson's turn.
Playing Hide and Seek with the Ghosts of Dawn is a Flaming Lips song-by-song cover of In the Court of the Crimson King [Atlantic-1969] and is now streaming here. No word on when it'll be available for sale.
It must be nice to be practically unassailable, huh? Almost any other indie-identified artist would be chastised for attempting this sort of rapprochement to classic rock. The Lips have now gone down this road twice. Hmm...