Mcfly haven't finished their album and don't have a record deal at the moment, so that's going well.
Tom and Harry spoke to BBC Newsbeat about it all and if we're honest it's a bit dull to explain here, but if you really want to get to grips with it all then you can follow the link that will appear after this sentence. LINK.
A 'highlight' of the video is when they both joke how this makes the band "so indie right now".