What I did was to create 3 different loops using Propellerheads’ Reason; a drum loop, a bass line loop and a guitar loop. For the guitar loop, I pitch-shifted in a real-time fashion.
After inserting the drum loop into Ableton Live, I warped it and introduced a different loop.
I also added a delay effect to the guitar line and controlled it real-time as well.
In total, my sequence is followed this order:
Original Drum Loop -> Modified Drum Loop -> Bass Loop -> Guitar Loop (with delay amount controlled and varied throughout the tune)-> Bass Loop -> Modified Drum -> Original Drum.



I think parts of this exercise of mine sounded like early experimental drum n bass tunes (i.e. early Aphex Twin).
Here is a very useful video of warping in Live. I know noone does but please have a look.
References:
- Christian Haines 'Creative Computing 1.2' Lecture presented at the Electronic Music Unit, University of Adelaide, South Australia, 12/09/2007
- Ableton Live Users. Wikipedia. (http://en.wikipedia.org/wiki/Category:Ableton_Live_users) [Accessed 19/09/07]
- Ableton Live. John Hopkings University Digital Media Centre. (http://digitalmedia.jhu.edu/learning/documentation/live) [Accessed 19/09/2007]