What do i need to record sound coming out of my speakers? (Vista)?

Question

I am running vista and even after going to recording devices and checking both show disabled devices and show disconnected devices, my speakers/WaveOut do not show up as a recording device.

I want to record the sound off an online radio stream and save it as an mp3

Answer 1

Audacity can do that:

http://audacity.sourceforge.net/

It's also free and open-source.