Is it possible to set cue points to MP3 files just like in a podcast?

Hi, good morning Apple users.

I was wondering if it's possible to set cue points for MP3 files, just like some podcasts have (I subscribe to the Spotted Peccary podcast and all the episodes I have listened so far have it).

In case you have no idea what I'm talking about, here's a brief explanation: When you run a podcast on your iPod, the timeline shows up with some marks in it, those are the cues, and you can click "Next" or "Previous" while listening to it to advance or go back to the nearest cue point.

So this is it: is it possible to set cue points to a MP3 or any other file on iTunes?