Stay Young 1979-1982 is a two disc compilation of Australian rock group INXS's earlier works. It features their first two albums, INXS and Underneath the Colours, along with all the b-sides "We Are the Vegetables", "Scratch", "The Unloved One", "Lacavocal" and "Prehistoria". It also features some demos "Telefone", "Silent Night" and "Breakaway" performed at ABC Studios in Sydney (1979), live songs "Reckless Ways", "Pretzel Logic", "Reasons", "Feeling Good" and "Miss Shapiro/You Really Got Me" (performed at the Manly Vale Hotel in Sydney, October 1980) "On A Bus" and "The One Thing" (performed at Wanda Beach in Sydney, January 1982), and the band performing their earlier songs in 1992 at a soundcheck, "Barbarian", "Just Keep Walking", "In Vain" and "Stay Young" (recorded during the Full Moon, Dirty Hearts session on the 24th of November 1992 in Capri, Italy). It also features "Speed Kills" (a song recorded with Australian band Cold Chisel for the Freedom movie soundtrack), and a re-recording of the song "Underneath the Colours" as a UK-only b-side for "Beautiful Girl" in 1992.

Note: "Simple Simon" and "The Loved One" were each released as a single only. "The Loved One" was actually a re-recording, originally released by The Loved Ones in 1964. It was later re-recorded in 1987 for INXS' sixth studio album, Kick.