“Cobra” sees Megan share her raw and intense experience of depression, alcoholism, and emotional resilience, as well as the complexities of personal relationships. A day before the release of the track, the artist posted the meaning of the symbolism in the song title.

The track was first teased on October 13, 2023, when Megan posted a series of cryptic pictures adding up to the name ‘ACT ONE’ with the caption ‘Lets🐍’. This was followed by a post of a short video of the intro to the official music video on October 26, 2023. She later confirmed the track’s title and release date.