Wayne Coyne and his bandmates have teamed up with tastemakers at Few Spirits to create a special whiskey blend, called Brainville Rye Whiskey.

In a statement, Wayne jokes, "Whiskey... it's such a volatile drink. Upon pouring a drink It's like accepting that you may become a werewolf... And really... Who doesn't want to become a werewolf ??? Ha..."

The 80-proof tipple is described as a mixture of "rye, corn and malted barley grown within 150 miles" of the company's distillery in Evanston, Illinois, but the limited edition drink won't come cheap - it will retail at $124.99 (£97) when it hits shelves in October (16).

Only 5,000 bottles of Brainville Rye Whiskey will be made, reports Pitchfork.com.

The Flaming Lips aren't the only artists to attempt to taste success with their own booze brand - Blake Shelton announced his new Arkansas-made Smithworks vodka line earlier this year (16), while fellow musician Drake also recently joined the party with his Virginia Black whiskey collection.

Other celebrity alcohol investors include Sean 'Diddy' Combs, Justin Timberlake, 50 Cent, and Jay Z.