Don't Waste Your Wishes is a Christmas compilation album by American rock band The Killers, featuring their yearly Christmas singles released from 2006 to 2016. One hundred percent of proceeds from sales of the album were donated to the Product Red campaign, headed by Bobby Shriver and U2 lead singer Bono. The album was released exclusively on the iTunes Store on November 18, 2016, and a limited-edition CD was released on December 9, 2016. A re-release of the vinyl was announced in December 2023.

Product Red is a licensed brand by the company Red that seeks to engage the private sector in raising awareness and funds to help eliminate HIV/AIDS in eight African countries, namely Eswatini, Ghana, Kenya, Lesotho, Rwanda, South Africa, Tanzania, and Zambia. It is licensed to partner companies including Apple Inc., Nike, American Express (UK), The Coca-Cola Company, Starbucks, Converse, Electronic Arts, Primark, Head, Buckaroo, Penguin Classics, Gap, Armani, FIAT, Hallmark (US), SAP, Beats Electronics, and Supercell.