"[Katy] and I have really been on good terms for a while", Swift told the U.K.'s Capital Breakfast radio show about putting an end to their feud previous year.
Aptly released during Pride month, the pop star's new song comes on the heels of her initial endorsement of the pro-LGBT Equality Act.
"There's a lot that I've been so excited about for so long and I just wanted to wait for the right time to tell you things", the singer told her fans on Instagram Live. On Tuesday, Perry posted a photo on her Instagram account, with Swift being tagged, showing a plate of cookies with the words "Peace at last" appearing to be written in icing.
The song starts out with Swift seeming to address someone who's been talking smack about her, behind her back.
"You know, she and I have been fine for a while and really on good terms but we didn't know if we were ever gonna really tell people about it".
She's living in what looks like a trailer park and hangs out by the pool in all pink, looking fabulous and free.
See more on Swift in the video below.
She has some very fantastic neighbors as well like Hall, Cox, Ferguson and others, some surrounding the "Modern Family" star as he marries his husband Mikita.
The song and video is a clear shout out to the LGBTQ+ community and focuses on standing up for every single person in it. While protesters are slamming same-sex marriage, Swift takes the high road and simply celebrates love with Ferguson, Porter and others.
The timing of this video couldn't be more ideal. In the video, Swift and her LGBTQ-heavy crew relax and have fun while an angry mob yells and waves homophobic placards.