Chixtape 5 is the first of the series in which it was released as an album on streaming platforms. The album cleared all of the samples and includes the original artist featured on the song. In an interview with Billboard, Tory Lanez said "Everything is 2000s-inspired. Everything is inspired by the times when things were golden for us. I think all those pieces and everything that we've come out with has been all about nostalgia. I'm about to take you on a whole journey musically."[6]
The singer said that the album was heavily inspired by Chris Brown's album Indigo, inspiring him with its edited low-pitched background vocals, its samples from early 2000s R&B, and how double tracks from that album were managed.[7]
On November 1, 2019, Tory Lanez announced the album's release date with Ashanti on the cover art.[8] Tory Lanez launched a website named after the album with an interface designed after the social network website MySpace.[9]
On November 8, 2019, he released the lead single of the album, "Jerry Sprunger" featuring T-Pain, accompanied by a music video.[10][11] The single debuted at number 83 on the US Billboard Hot 100 on the week of November 23, 2019.[12] The following week, the single reached it peak at number 44 on the chart, following the album's release.[13] The single also peaked at number 34 on the Canadian Hot 100 and number 32 on the UK Singles Chart respectively.[14][15]
After the album's release, "The Take" featuring Chris Brown debuted at number 66 on the Billboard Hot 100 chart.[13] The song also peaked at number 68 on the Canadian Hot 100 chart.[14] "Beauty in the Benz" featuring Snoop Dogg debuted at number 87 on the Billboard Hot 100 chart.[13] The single also peaked at number 64 on the Canadian Hot 100 and number 70 on the UK Singles Chart respectively.[14][15] In addition, "The Trade" featuring Jagged Edge and Jermaine Dupri managed to peaked at number one on the US Bubbling Under the Hot 100 chart.[16]
Chixtape 5 was received generally positive reviews from music critics. At Metacritic, which assigns a normalized rating out of 100 to reviews from professional publications, the album received an average score of 61, based on five reviews.[17]
Chixtape 5 debuted at number two on the US Billboard 200, earning 83,000 album-equivalent units, (including 9,000 copies as pure album sales) in its first week.[4] This became Tory Lanez's fourth US top-ten debut on the chart.[4] The album also accumulated a total of 94 million on-demand audio streams for the album's songs that week, becoming Tory's highest first week streaming figures to date.[4] On November 15, 2021, the album was certified gold by the Recording Industry Association of America (RIAA) for combined sales and album-equivalent units of over 500,000 units in the United States.[5]