BGM for PSO2, this track is used for one of the major Episode 2 bosses, Dark Falz Loser.
The music was recorded in-game using the 敗者戦 music disc in the player room jukebox.
00:00 - Dark Falz Loser's theme.
05:08 - Fast version.
09:19 - Slow version.
13:30 - Time stop followed by low HP version, a remix of Phantasy Star Online's main theme - The Whole New World.
Music Playlist: http://www.youtube.com/playlist?list=PLbHhCHy0GvM02NwZ5Vhwsq29MU_wUNP8G