Last week, a new Eminem song called "Elevator" hit the Internet, on which the rapper may or may not have used an anti-gay slur in a lyric about Adam Lambert (booking agent) (and Clay Aiken and Lance Bass).

"Sorry, Lance, Mr. Lambert and Aiken ain't gonna make it/ They get so mad, when I call them both fake/ It's all these f---ing voices in my head, I can't take it/ Someone shut that f---ing baby up, before I shake it," he apparently raps on the tune — with the "Fake/ It's" combination sounding a lot like a common anti-gay slur.

In the time since, fans of both artists have weighed in on the lyric in question, Em's label has declined to comment on it (or confirm what he was actually saying) and gay-news sites like Towleroad.com have decried it as "boorish" and "homophobic." But, aside from a pair of Tweets, we hadn't heard much on the matter from Lambert himself.

But Tuesday night, on the red carpet for the launch of online music service Vevo, MTV News had a chance to ask Lambert about "Elevator," the lyric in question, and whether or not he felt Eminem crossed a line with either. Turns out, he's not taking any of it personally. In fact, he said the whole thing was a pretty smart business decision by Mr. Mathers.

"Well, you know, he used a word that's not necessarily very nice, but I'm sure he's got some sort of justification for it. And I'm not going to take it personally. It's cool, Eminem!," Lambert said, giving a sarcastic thumbs up. "If you get mentioned in an Eminem song, you're doing something right. And I'm sure he was planning on creating some controversy, because he's a smart guy."

"Elevator" is one of several new songs from Em's upcoming album, which hits stores on December 21.

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