INTELLECTUAL PROPERTY [Target Deluxe Edition] is an edition of Waterparks' 5th studio album exclusive to the American retail store Target. The special edition was announced on February 3rd, 2023 through a series of social media posts by the band.. This edition was released alongside the original album on April 14th, 2023.
The bonus track edition features a cover of Liz Phair’s “Why Can’t I?”, and an alternate version of “END OF THE WATER (FEEL)”.
INTELLECTUAL PROPERTY is the band’s second album to have a Target Deluxe Edition, after 2019’s FANDOM.