The song is called "Color Blind," and he said in an interview it was his favorite he's been working on. The audio dropped on March 22, but now there's a video to compliment it.
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The video jumps between footage of Xan and Diplo hanging by a worn-down white car and a red-tinted party scene, both of which are seemingly a bit impacted by the blunt in Lil Xan's hand. The car bursts into flames toward the end of the vid, but don't worry, Diplo and Xan are unharmed -- they may just be a little doped up.