After being dismissed from Goldenvoice Records in 2000 and subsequently failing to find another record label, The Aquabats entered an extended period of relative inactivity in the first half of the 2000s, delaying all plans for extensive touring or future recording due to financial constraints.Yo! Check Out This Ride!!, The Aquabats' first self-produced album since 1996's The Return of The Aquabats, was recorded to both appease the band's fanbase after four years of no new material, as well as serve as a potential demo to attract interest from record labels. This would ultimately prove successful, as The Aquabats were signed to Nitro Records later in the year.

Yo! Check Out This Ride! was recorded during a transitional period in The Aquabats' career. Following the departure of trumpeter and co-founder Catboy in 2002, the band had dropped their once characteristic horn section and predominant ska elements to focus more exclusively on the guitar- and synthesizer-driven rock and new wave influences which had dominated their previous studio album. Musically, the album showcases a hip hop-tinged rock song in the title track and straight synthpop in "Todd-1 in Space Mountain Land!", while featuring cover songs from power pop bands The Plimsouls and The Kinks, and vocal group The Kids of Widney High.

This EP was the first Aquabats album to feature drummer Ricky Fitness, who joined the band in 2002, as well as the final to feature original member Prince Adam as an official member. The cover art, depicting a horseback Aquabat lassoing a dinosaur-like creature, was painted by Brandon Bird.

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