We Got The Power is an unreleased track recorded on 15 October 1988 at Paisley Park Studios in Chanhassen, Minnesota (during a day of on the Lovesexy Tour, between shows in Atlanta, GA and Greensboro, NC).
The song contains a robotic-sounding countdown that was later used on Live 4 Love (and was used as an intro to Controversy on the Lovesexy Tour a week after We Got The Power was recorded). It was included on a 27 October 1988, configuration of Rave Unto The Joy Fantastic, but was not included on the late 1988 / early 1989 configuration.
It was briefly considered for use on the Batman album, and was used in the background of an early unreleased trailer for the Batman movie. The chant of "hey, we got the power, oh, we got the soul, hey we got the sho'nuff get off to make the devil go go" was used in Batdance.
Similarly, the chant "hey, we got the power, oh, we got the soul" was used in Carmen Electra's Power From Above.
The main lyrics and melody of the verses are re-used from 9-5 People, presumably recorded earlier in 1988.
The track mentions some of Prince's band members from the time; "Joshua" (referring to Atlanta Bliss, and "Junior" (Levi Seacer, Jr.) , and mentions "an angel" for a drummer (Sheila E.'s name in the original Graffiti Bridge movie script was "Angel"), which may be a reason the track wasn't used once the group disbanded.
Additionally, Prince refers to the unreleased track The Grand Progression by asking "is the progression grand?" (he refers to The Grand Progression similarly in F.U.N.K.). The track remains unreleased.