Why it matters: This isn't just Smith returning to rap after 20 years. It's a public reckoning — pain, shame and spiritual recalibration — set to gospel chords, booming drums and a hunger that recalls his rap roots and evolution as a man.

Among the topics mentioned on Smith's new album is his first Oscar win in 2022 and the now-infamous incident in which he slapped Chris Rock during that awards ceremony, leading to his 10-year ban from the event and rumors the award would be rescinded. In the end, Smith was not asked to return the award.

Will Smith's "Based on a True Story," out now, includes sermons and a shout-out to wife Jada Pinkett-Smith. Listen now.

Will Smith wastes no time addressing his Chris Rock Oscars slap on new album “Based on a True Story,” which released on Friday. In fact, the project’s first track, “Int. Barbershop — Day,” opens with the phrase: “Will Smith is canceled.

When Will Smith stormed the stage at the Oscars in 2022 and slapped comedian and host Chris Rock, while shouting “Get my wife’s name out of your f---ing mouth”, it shattered his public image as the charismatic and funny golden boy,

He opens the song saying “Will Smith is canceled,” and with an introduction like that, you already know Smith was about to spill some tea. He reflected on the infamous Chris Rock slap and what he’s feeling three years later.