Spank Rock's frontman, Naeem Juwan, met Blanco when he was interning for the late Disco D. Blanco proposed the idea of creating an EP that was based on 2 Live Crewsamples. Juwan was initially concerned that "it might be cheesy", but he continued that the EP "actually turned out to be really fun and I'm really proud of it." Like 2 Live Crew and Spank Rock's material, the EP included hypersexual lyrical content. Spank Rock and Benny Blanco co-wrote every song on Bangers & Cash together. It was described by Juwan as "just like club banger music, party music."
The Bangers & Cash was ultimately released on October 9, 2007. Spank Rock and Benny Blanco also released videos for "Pu$$y", "B-O-O-T-A-Y", and "Loose".
Rolling Stone slated the album. The publication described the EP as "raunchy, megahorny hip-hop, [...] knowingly ridiculous and over-the-top", and stated that "Spank Rock seems to be on autopilot for most of the album, and neither his one-track mind nor Blanco's high-energy, low-payoff music produces anything worth going back to."