Deleting a Song Out Of The iTunes Library Directly From a Playlist

I download and listen to a lot of online radio shows that I put into an iTunes playlist. I was having to delete the song/radioshow mp3 from the library since deleting the mp3 simply just removes it from the iTunes playlist and not the iTunes library itself. I was looking for a way to permanently delete the mp3 directly from the playlist itself.

***Simply hold the “Option” key down while pressing the “Delete” key. Viola!