Lil Wayne Mocks Ryan Lochte, Cash Money With Chance the Rapper on 'Ellen'

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Lil Wayne performs at Tidal X ColleGrove at The Tabernacle on March 30, 2016 in Atlanta.

Joining Chance the Rapper and 2 Chainz for "No Problem" on Thursday's episode of "The Ellen DeGeneres Show," Lil Wayne deftly called out both Cash Money Records and disgraced Olympic swimmer Ryan Lochte in one fell swoop.

In the performance of his latest single, Chance bursts into the office of "Generic Records" with a team of dancers who take it upon themselves to trash the place, tossing stacks of paper as the record execs sit looking stunned. Chance, who has remained an unsigned independent artist, speaks out against corporate management in the song.

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Lil Wayne is the perfect guest for the track, since he himself is currently embroiled in a dispute with his former record label. In the recorded version of "No Problem," Weezy rhymes: "And if that label try to stop me/ There gon’ be some crazy Weezy fans waitin’ in the lobby."

On Thursday's "Ellen," the MC decided to flip the script, changing his verse to: “If Cash Money try to stop me/ I’ma let them rob me/ Yeah right, like Ryan Lochte.” 

Watch the wild antics here: