Play at Your Own Risk, Volume 2 is a compilation of punk rock/hardcore punk bands released by Recess Records in 1995. It was issued as a double 7" and single 5" in a tri-fold jacket and sometimes included a lyrics poster and Halloween napkin. It is notable for including several rare tracks, especially the Propagandhi song "Portage La Prairie", which was not released on their compilation Where Quantity Is Job #1.