“Basement,” according to Peter, is an homage to the idea of the home basement, both as a place to hang out along with being the starting point for every band Peter has played in since he was a teenager. The video for “Basement” was shot by Jim Larson (who also directed the video for lead single “CD Wallet”) and features kaleidoscope-like images of Peter playing instruments in the basement among all the common artefacts you might find there. It’s a place of refuge and comfort and the fount of creativity for Peter.

Written and recorded over a majority of 2023 at Peter’s home studio in Toronto, CD Wallet takes place in his hometown of Edmonton, and touches on memories of growing up and the feeling of returning years later. Peter explains how the album was “made in a heavy, straightforward indie rock style to impress my childhood self” and addresses feelings of nostalgia and the trappings one finds themselves in when reflecting on years past.

CD Wallet is the sixth full-length album from Homeshake and was mastered by Josh Bonati. In 2022, he released Pareidolia Catalog, a six-volume, 126-track instrumental mixtape, accompanied by a collaborative cassette box set and t-shirt with Brain Dead. That same year, Homeshake co-wrote and featured on Eyedress' “Spaghetti,” one of his first collaborations since "Love Is Only a Feeling" with Joey Bada$$ in 2017.