sorry i wasn't referring to movie maker.
Specifically i'm wondering if there's a way of recording both a backing track being sent to the axe via USB, as well as the guitar signal.
Get the Reaper, it's free. (kind of.)
1. In your Axe I/O, set "Audio: Main input source: USB."
2. Bypass everything in the patch in Axe, or double click bypass to bypass the whole unit.
3. Make a track and click record on reaper, hit play on your whatever software that makes noise. Now you have that on one track in reaper.
4. Go back to Axe I/O and set it back to analog. Make another track in reaper and record your guitar onto that one. Win.