This single is like the comeback of songs that were left behind in the past.
The single starts out with the title track, Fortune Faded, which was the first song they wrote for By The Way, back in 2001. It was meant to be their big hit for their still unnamed album, but the studio version did not quite satisfy them. In case you've never heard the old versions, the main differences are different (less) backing vocals by John, a different melody in the chorus, and no acoustic guitar. I personally like that version better, but the new one is still good.
The second song is called "Eskimo", and it was originally recorded for their 2002 album, By The Way. The song, which is one of their strangest with John playing a light guitar melody, a heavy distorted guitar chorus and even a harpsichord, and Flea playing the trumpet apart from his bass, is slow, but it has a very heavy chorus. It's definately worth a listen, but after many I have already gotten sick of it.
The last track is also the oldest, Bunker Hill. It was one of the first songs written (in 1998) for Californication. The recording is from the album recordings, in 1999, and they didn't like how this one came up, either. Unlike Fortune Faded, this version is untouched, and it's, in my opinion, the greatest b-side of their last about three singles.