"I think we really almost burnt ourselves out on one record"

This quote by Shannon Hoon is likely referring to the process of creating a record, or album. It suggests that the process was so intense and demanding that it practically became excessive for the artist. It indicates that the artist was so focused on developing the record that they practically exhausted themselves in the process. This could be due to the amount of time and effort that was taken into the record, or the psychological financial investment that was made. It could also be a reference to the creative procedure, where the artist was so concentrated on perfecting the record that they nearly charred themselves out while doing so. Whatever the case, this quote recommends that the procedure of producing a record was so extreme that it almost became too much for the artist.