The Greatest Hits is the first compilation album by Cheap Trick. It contains many of Cheap Trick's popular songs, as well as a previously unreleased cover version of The Beatles' "Magical Mystery Tour", which according to the liner notes, was an outtake from the Lap of Luxury album. Though it peaked at only #174 on the Billboard 200 albums chart, it remained a steady seller, and was certified platinum for one million U.S. shipments seven years after its release.

Cheap Trick is an American rock band from Rockford, Illinois, formed in 1973 by guitarist Rick Nielsen, bassist Tom Petersson, lead vocalist Robin Zander and drummer Bun E. Carlos. The current lineup of the band consists of Zander, Nielsen and Petersson. Their work bridged elements of '60s guitar pop, hard rock, and punk rock, and would help set the template for subsequent power pop artists.