Taylor Swift is giving fans their first look at her new album cover … revealing the front and back of “The Life of a Showgirl.”

The singer-songwriter dropped the first look at the album on her website and on boyfriend Travis Kelce‘s “New Heights” podcast Wednesday. Check it out … TS is channeling her inner showgirl while underwater in a glittery, bedazzled bodysuit.

Of course, we knew Taylor showed the album on the podcast … ’cause a promo clip from the episode showed the cover totally blurred out — driving fans into a frenzy of wonder about the artwork.

The new album’s sparking conversation among her diehard Swifties … with some wondering if she’ll throw shade at her longtime friend Blake Lively amid her lawsuit with Justin Baldoni — while others are trying to decode hints about who produced the new entry into her discography.

We chatted with bestselling author Brittany Hodak — the biggest Swiftie we know — about everything she expects to see in the ep … and, she’s got theories ranging from a dedication to the number 12 in the album to a bling-focused moment on the pod.