Funds raised from the re-recording of his 1983 solo hit will be donated to cancer charities
Also featuring Slash, Margot Robbie, Greta Gerwig, Emma Stone and more
The Guns N' Roses guitarist also shared lead single 'Killing Floor' with AC/DC's Brian Johnson and Aerosmith's Steven Tyler
Also featuring on the album are Rufus Wainwright, System Of A Down's Serj Tankian and many others
The band have been eligible since 2002, but have only just earned their first nomination
It is the latest single from the band's upcoming album 'Rockmaker'
It will also feature the final recording by Jeff Beck
Primal Scream, Slash, Tom Morello, Billy Bragg and more pay tribute to the "revolutionary artist who walked it like he talked it"
"OK, well let’s try to make this work somehow"
The band previously never played the song because it had "too many words"