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"Way Down We Go" is a song by Icelandic rock band Kaleo, released as the second single for their first studio album A/B by Elektra Records and Atlantic Records. Commercial performance "Way Down We Go" peaked at No. 1 on Billboard's Alternative Songs and Rock Airplay charts. Live performances A live performance of the song was recorded in the magma chamber of the dormant Icelandic volcano Thrihnukagigur. Appearances in other media The song was used in the movie Collateral Beauty