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Topics covered in ''Wasted Magazine'' include local Gen Y-centric fashion, music, arts, culture, current affairs, social and lifestyle news. The magazine throws a launch party for the launch of each issue. The last issue to be released, ''The Power Issue'', was distributed around Perth in early May. The coming issue, ''The Selling Out Issue'' has an anticipated early September release.

In 2007, ''Wasted Magazine'' launched ''Wasted TV'', a makeover channel available on YouTube , and ''WastedWire'', a fortnightly e-news bulletin service. For its Summer 06/07 edition, ''Wasted Magazine'' produced a special edition summer paperback, entitled ''Cruel Summer''.

Early issues featured ''Buns of Steel'' and ''Guns of Steel'' workouts for the highly image-conscious readership.