Then, you can rearrange these audio files by dragging an audio file up and down. Open the Windows Media Player and drag the folder into the Unsaved List section. Create a new folder on your computer and move the needed audio files to the folder. Take these steps to create an M3U playlist in Windows Media Player. Windows Media Player is a media player that can be used to play videos, music, and view photos. Read More Create M3U Playlist in Windows Media Playerįor Windows 7 users, they can create M3U playlists in Windows Media Player.