Conceptual "Repeater" question

[AALev123@aol.com]

I am am guitarist with minimal looping experience ( I had the Boss RC -20 for 
a couple weeks but returned it for reasons that don't matter) anyway, the 
question is this: For a multi track looper such as repeater, are you say 
laying out an 8 bar rhythm part on guitar and then playing a bass line over 
that 8 bar loop on a separate track. When you play the loop you get the 
rhythm guitar and the bass playing together right? so if you then recorded a 
chorus section the same way with a different guitar and bass part you could 
step on some type of footswitch and go back and forth between the verse and 
chorus parts soloing over each for days on end ........right?