Treadmill Lore, Wedding Rumors, and Masters vs. Taylor’s Version (Swift 101)The hosts recap a recently released extended behind-the-scenes clip from the Opalite video and talk about choreographer Mandy Moore’s iconic influence. They discuss old rumors about a fallout between Lorde and Taylor Swift, including speculation that “This Is Why We Can’t Have Nice Things” references Lorde, and they wonder if Lorde running and singing on a treadmill during her concert is a jab at Taylor, who famously trained for the Eras Tour by singing on a treadmill. They react to ongoing, click-driven wedding rumor headlines and criticize interviewers for repeatedly asking people in Taylor’s orbit—such as Kylie Kelce and Margaret Qualley—about Taylor instead of their own work, noting how even celebrities seemed exhausted when Taylor announced The Tortured Poets Department at the Grammys. The episode then shifts into “Swift 101,” explaining the difference between Taylor’s masters and the Taylor’s Version re-recordings, why she re-recorded the 4 albums (ownership, licensing, and control), the addition of vault tracks, and that she later regained ownership of her masters after the Eras Tour’s success, with her mom and brother representing her in negotiations. They note that owning the masters makes it “guilt free” to listen to originals, discuss why Reputation (Taylor’s Version) may not happen, and broaden the conversation to artists selling catalogs (including Britney Spears) and why musicians might trade rights for a lump sum. They end by chatting about Taylor’s social media behavior (not following anyone, liking TikToks) and mention Taylor’s Instagram comment congratulating Olympic skier Breezy Johnson on her engagement featuring an “Alchemy” lyric on the ring.01:22 Lorde vs. Taylor? The Treadmill-On-Stage “Jab” Theory04:55 Wedding Rumors & Why Interviewers Won’t Let It Go07:07 Are Taylor’s Peers Over It? Grammys Reactions & Spotlight Fatigue09:37 Selena’s Sourdough Gift & the “Support My Small Business” Sticker Debate11:16 Balloon Ad Detour: The Weird Algorithm Moment12:04 Swiftie 101: Taylor’s Masters, Taylor’s Version, and Regaining Ownership13:17 Why Masters Matter: Licensing, Money, and Control14:20 The Taylor’s Version Strategy: Re-records + Vault Tracks15:42 How She Got Her Masters Back (Negotiation After the Eras Tour)16:43 Do Taylor’s Versions Still Matter? Listening “Guilt-Free” + Song Differences18:15 Will We Get Reputation (Taylor’s Version)? Vault Tracks vs Full Re-record18:56 Artists Selling Catalog Rights: Britney, MJ/Beatles, and the Lump-Sum Tradeoff22:43 Re-recording as Creative Time Travel: Eras Tour Roots + Revisiting Hard Eras23:41 Reputation Era & Social Media Shift: Going Dark, Snakes, and Celebrity Following Rules26:46 Taylor’s “Peeking In” Online: TikTok Likes and the Breezy Johnson Comment