EXCLUSIVE: Nick Cannon Jokes About Mariah Carey Divorce in Epic Pete Wentz Rap Battle

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It seems safe to say that Nick Cannon is keeping a sense of humor about his divorce.

Mariah Carey's ex makes light of their split on Wednesday's episode of Nick Cannon Presents: Wild 'N Out, while simultaneously slamming his rap battle opponent, Fall Out Boy's Pete Wentz.

"Pinto, I'm a Porsche. Puppy, I'm a horse," Cannon rhymes in the rap battle. "The difference between me and you -- I came up in my divorce."

(Wentz split from then-wife Ashlee Simpson in 2011, while Cannon and Carey called it quits in late 2014.)

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But don't feel too bad for the FOB lyricist. He definitely gets some punches in, too.

"Hey Nick, I make music for white people too -- it's fine," he raps. "The only real difference is, people actually buy mine."

Burn!

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You can see the whole thing go down when Wild 'N Out airs on Wednesday, June 24, at 11 pm ET/PT on MTV2. The show's 10th anniversary season premiere marked the network's most-watched day in history, and just last week Nicki Minaj's ex Safaree Samuels felt the burn when cast members took him to task over the high-profile breakup.

Wentz may take some heat on the show this week, but 2015 has so-far been pretty good to the 36-year-old. ET caught up with Wentz and FOB's Patrick Stump earlier this year to talk career milestones and the success of their latest album. Watch below.