This paper is a continuation of one published in this journal nine months ago. The two papers present a model of cavitational luminescence (CL), multi-bubble sonoluminescence (MBSL), one-bubble sonoluminescence (OBSL), and laser-induced bubble luminescence (LIBL). The basis of this model is the PeTa (Perel'manTatartchenko) effect, a nonequilibrium characteristic radiation under first-order phase transitions, especially vapour condensation. In this model, the main role is given to the liquid, where the evaporation, condensation, flash, and subsequent collapse of bubbles occur. The instantaneous vapour condensation inside the bubble is a reason for the CL/MBSL/OBSL/LIBL. Apparently, the dissolved gases and other impurities in the liquid are responsible for peaks that appear at the background of the main spectrum. They are most likely excited by a shock wave occurred during the collapse. This paper, in contrast to the previous one, presents a slightly expanded model that explains additional experimental data concerning especially the LIBL spectrum. As a result, today we are not aware of any experimental data that would contradict the PeTa model, and we continue to assert that there is no mystery to the CL/MBSL/OBSL/LIBL phenomena, as well as no reason to hope that they can be used for high-temperature chemical reactions, and even more so for a thermonuclear ones.