Part of a decent compilation called Vibrating Portraits, all of which is free to download.
Ambience. A single held chord repeats over and over, very gradually softening. Room noise, scuffing and scraping is slowly replaced with delicate, bubbling melodic elements. About the last minute or so is a fade-out, so it's not intended as something to listen to on the move.
put this up back in September last year. (If I haven't said already, I hate how mp3 blogs tend towards just aggregating the latest hype shit, so I almost always hold off at least a few months before I consider posting a track.)
Pitchfork get some mileage out of the idea this track is assembled from free jazz samples, but the original material is sliced sufficiently finely that it could have come from anywhere and the results are really accessible.
Submerged Beach Boys vox and a bit of clean electric guitar serves an intro. Then stuff goes suddenly kind of like Boards of Canada with a bright synth bass part, unintelligible spoken word stuff and a glokky beat. Glokky! The guitars and sung vox come back in as synth arpeggios stagger and stutter about it.
There's actual verse and chorus action, and - shit - a solo!