The album was Nesmith's first with vocals released on his own label, Pacific Arts.
Nesmith considered Pacific Arts an umbrella corporation over two major divisions, TV and records.
Following the success of Elephant Parts, Pacific Arts focused its attention on producing full-length motion pictures.
Following the release of Tapeheads, Pacific Arts would turn its attention to home video and the internet.
However, in the early 1990s, Pacific Arts and PBS went through a series of serious disagreements.
By the end of the trial, the judge and jury were leaning toward Nesmith's (Pacific Arts) counterclaims.
The court awarded Pacific Arts $14,625,000 for loss of its rights library, plus $29,250,000 in punitive damages.
Since 1990, many PBS programs have been distributed on cassette by Pacific Arts.
On the initial Pacific Arts home video release, the audio is muted before Sid begins singing.
"Ken allowed us to open a retail window for a very short time," says Al Catabiani of Pacific Arts.