Renowned for its bar-power, Shady Records has also become a label that has changed career paths. After its booming beginnings (D12, 50 Cent), Eminem’s label appeared confused in part of the late 2000s, unsure if it was trying to breed skills-based Rap, or commercial juggernauts. For much of the decade, it appeared as though neither would occur.

Then everything changed. Eminem and Royce Da 5’9″ set aside their differences and resumed Bad Meets Evil more than a decade after the Detroit, Michigan MCs went different ways in their career. With that, Slaughterhouse (and Yelawolf) joined the Shady fold. Joe Budden, who was getting his own feet in the door as Em’ did in the late ’90s, would get his first major label deal (through his group) in half a decade. Whereas Budden struggled to be a priority at Def Jam, particularly after his debut, Eminem’s Interscope-backed imprint seemingly embraced the darkness, hardcore Rap style, and self-deprecation in Joe’s music.

“SlaughterMouse” (which Joe calls his 300-bar, four-minute “Stan”), hones in on all this subtext. In a unique thank-you track, that also tells the story and raises a few questions, Jumpoff Joe Budden draws on the similarities between Mouse and Marshall, and their relationship. He admits the sophomore S.H. LP was a disappointment commercially, and asks if Slim Shady’s “My Name Is” would work in the 2010s market? He aims his gratitude at the diamond-certified MC, and in a fervent delivery, big’s up his crew—presumably with that album coming soon.

In an interview with Rap Genius’ Rob Markman, Budden spoke in detail about the song and its meaning. You can watch the interview in full below.

What do you think is said after the song fades? This will appear on October 16’s All Love Lost (Deluxe Edition).

#BonusBeat: This may be a Slaughterhouse theme of sorts, as earlier in the week, Kxng Crooked (a/k/a Crooked I) made an entire song, “If I Was Dre.”

Related: Shady’s cXVypher Features Eminem, Slaughterhouse & Yelawolf. Get Your Rewind Finger Ready (Video)