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Cheap Time was founded by Tennessee native Jeffrey Novak, who played in punk bands around Nashville such as Jeffrey Novak’s One Man Band and Rat Traps. After Rat Traps stopped playing in 2006, Novak started Cheap Time with Jemima Pearl and Nathan Vasquez of Be Your Own Pet. Their debut 7” was released in 2007 before Pearl and Vasquez left the band to focus on Be Your Own Pet and were replaced by Stephen Braren on bass and Jon Sewell on drums. The first incarnation of the band had a heavier sound while the new lineup took on a sound influenced by power pop and glam rock. Cheap Time released another single before they released their self-titled full-length album in 2008. In 2009 Cheap Time replaced Sewell with drummer Ryan Sweeney and toured the U.S. with Yo La Tengo before releasing their second full-length Fantastic Explanations (And Similar Situations) in 2010. In 2012 Cheap Time released another album, Wallpaper Music, with a new bassist, Jessica McFarland. Cheap Time recorded a live 7” vinyl with Third Man Records on June 11, 2012 including a cover of John Cale’s “Macbeth” on Side A and “Going Out the Way You Came In” on Side B.