According to vocalist/rhythm guitaristVic Fuentes, "King for a Day" is about "standing up to the people who think they are better than you, or try to take advantage of you." He added that he "felt like I wasn’t cool enough, or good enough, for some people. It’s a very angry song in retaliation to these bottled-up thoughts and emotions".
According to Fuentes, "The theme to the album artwork is 'jumping off of the ground that is breaking beneath you.' The idea is to inspire hope amongst the chaos that may be happening around you. If the ground was breaking beneath your feet, your first reaction may be to run and jump to safety, and it's that moment where you are suspended in the air that I am focusing on. A still frame where you're not sure if the person is falling or flying. It's about freeing yourself from the things that are breaking or falling apart in your life, and inspiring a sense of hope from the desperation." 
It is the band's first release on Fearless Records, as their previous two albums were released on Equal Vision Records. It was made available for pre-order through Merchnow on June 6, 2012. The band touring as part of the 2012 Warped Tour throughout July and August The album's first single, "King for a Day", was released on June 5, 2012. It features Kellin Quinn of Sleeping with Sirens as a guest vocalist. "Bulls in the Bronx" was chosen as the second single and released on June 26, 2012. On August 6, the band released a music video for "King for a Day". The video features the band "taking down the bad guy and getting back at him for treating us poorly", according to Fuentes. Preciado came up with this idea "because he’d always wanted to do a ‘heist’."
The album has been received well by critics. Alternative Press rated the album 4/5 stars saying "Collide with the Sky is PTV's best work to date". They praised the album for the power pop hooks on "Props & Mayhem", saying that you should download "Tangled in the Great Escape". AbsolutePunk commented that the album is "sure to continue Pierce the Veil's steady ascent to the top of their league", concluding that "[it] proves Pierce the Veil are seemingly still one step ahead of everyone else when it comes to concocting energetic slices of post-hardcore and that they won’t be dropping the ball any time soon."