Eh?
You want to save your songs into a folder in your comp? They're already in one. Just find it and drag-and-drop them from there.
You want to save a song in the playlist? Last I heard, when you quit LW the playlist won't be saved anyway, so...

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iMac G4 OSX 10.3.9
RAM 256MB
LW 4.10.5 Basic
ADSL anything from 3 to 8Mbps/around 1024kbps

"Raise your can of Beer on high
And seal your fate forever
Our best years have passed us by
The Golden Age Of Leather"
-Blue Öyster Cult-