Modern reviews see this album as a return to form compared to the band's previous album, Cold Lake, but contemporary critics panned it.[1][2] The band continued experimenting and evolving their music, this time fusing elements of traditional heavy metal, thrash metal and gothic rock.[1] It has a different sound from the black/thrash metal of the first two albums, or the avant-garde metal of Into the Pandemonium, although Vanity/Nemesis retains lyrical and musical elements from those releases.[1][2]
Vanity/Nemesis would be Celtic Frost's last studio album before the dissolution of the band in 1993 and until their return album in 2006 Monotheist. Vanity/Nemesis was re-released in 1999 with additional tracks. The album also includes a cover of David Bowie's 1977 hit "Heroes".
The track "The Heart Beneath" was used on the Manga Entertainment compilation trailers on the UK, Dutch, Spanish and Australian released video tapes.