The band had this to say:
So Jive records (our former label) is putting out an RBF greatest hits CD because they see how well our live album is doing and they pretty much just want to screw us any way they can! they see that there's still money to be made from the Reel Big Fish so they are trying to get a last little piece!
There's really nothing we can do to stop them since they own ALL our previous recordings! Anyway, tell all your friends NOT to buy the new greatest hit CD, it's really not that cool, it's just stuff from our 4 studio albums that you ALREADY have (you do have all the RBF albums right!?)!! and if you do decide to pick it up, we still love ya, as long as people are enjoying our music in some way or another ya know!? We're just glad to have people listening!