The song samples Snoop Dogg's "Those Hollywood Nights". It is the lead single from their Mac & Devin Go to High School soundtrack. In an interview with MTV News, Wiz Khalifa said: "This is a family affair, man. Everybody that you see was all involved with the project. We all got love for each other, and you know, we just keeping it moving, right? That's definitely going along with the theme of being young, wild, and free - just having fun, wild'n out. The whole theme of the video, we just getting it crackin' in the parking lot, man, just turning this thing out. So we had a couple little of our friends in the car, and we drove fast." Snoop Dogg added: "Yeah that's all. We just having fun. We at a big drive-in theatre so we could have as many people and have as many things happen as possible in the celebration of being young, wild, and free — having a good time."
Philip Lawrence in an interview by Rob LeDonne of American Songwriter he said "Yeah, I didn’t see that one coming. That song was an after-thought. Most of our songs come about when freestyling in the studio; we’ll get behind the mic and sing until something sticks, and that’s exactly how it came about… we never thought it would ever be heard." However, "Aaron Bay-Shuck heard it, and he said, “What the hell was that?!” We thought it was just a little something, and he told us it was a smash, and to finish it! So we did, and he put Wiz Khalifa and Snoop Dogg on it, and made it a hit. It’s crazy how it got nominated for a Grammy; I don’t want to diminish how good the song is though, because there’s a lot of fun behind it.
The music video was filmed on February in Pomona, California. It premiered on 23 February 2012. Bruno Mars does not appear in the music video.
In its first week, it sold 159,000 digital copies, debuting at number 10 on the U.S. Billboard Hot 100 and number 44 on the Canadian Hot 100. The song peaked at number 7 on Billboard Hot 100. As of September 2012, the song has sold 3,211,000 digital units.