The Latest Fashion is the 13th track on Prince's twelfth album Graffiti Bridge (the fourth track on the album to be credited to The Time, and the only track to be credited to The Time with Prince). Four and a half months after the album's release, the track was included as the b-side of Shake!, the album's fifth and final single (and first and only by The Time). The track is also featured in the movie Graffiti Bridge.
While specific recording dates are not known, basic tracking took place in early April 1987 at Prince's Galpin Blvd Home Studio in Chanhassen, Minnesota (during the same set of sessions that produced So Strong, shortly before departing for Europe for Sign O' The Times Tour rehearsals). Along with So Strong, it was sent to Dale Bozzio for possible inclusion on her album Riot In English, but the track was rejected.
In June or July 1989, Morris Day recorded co-lead vocal overdubs at Paisley Park Studios in Chanhassen, Minnesota as Prince and Day worked on The Time's Corporate World album (during the same sessions that produced Murph Drag, Nine Lives, Donald Trump (Black Version), Love Machine, Shake!, Corporate World and Release It).
In late July 1989, Candy Dulfer added saxophone to the track at Paisley Park Studios (along with saxophone overdubs on Love Machine, My Summertime Thang, Release It, Murph Drag, Donald Trump (Black Version), Data Bank and My Baby Knows). The song was included as the eighth track on the Corporate World album in early September 1989, as planned for release in November 1989.
The album was abandoned when Warner Bros. wanted to involve the other original members of The Time, but many of the tracks were saved for Pandemonium and Graffiti Bridge. The Corporate World version used completely different music to the Graffiti Bridge version, which reuses the music from My Summertime Thang (also intended for release on Corporate World, and finally included on Pandemonium).