Volume 3: early 1981
Introducing volume 3, Bruce and Andrew play a song from England about cassettes, then a sendup from Severed Heads, before reflecting on the magazine's career to date and following up on Pel Mel. This issue contains a solo home recording by a member of Serious Young Insects (who had a hit with Trouble Understanding Words around then), and interviews with Australia's Laughing Hands and UK's Gang of Four. I've called this 'early 1981' because I can't see a more precise date on the packaging.
The artwork for this issue was a two-sided poster.