Olivia Rodrigo, Scooter Braun and more

Taylor Swift fans have some interesting theories about who “Father Figure” was written about after streaming the singer’s new album, “The Life of a Showgirl.”

Throughout the song, which is featured as track No. 4, the Grammy winner sings about finding someone “lost in the cold” when they “were young.”

“You remind me of a younger me / I saw potential / I’ll be your father figure,” she croons, later adding, “I showed you all the tricks of the trade / All I ask for is your loyalty… / My dear protégé.”

Swift, 35, then suggests that her “protégé” turned their back on her, singing, “I saw the change in you … they don’t make loyalty like they used to.”

The hitmaker calls out the unidentified person’s “foolish decisions” and “misguided visions,” adding that they had to “get rid of [her]” to “fulfill [their] dreams.”

“I was your father figure / We drank that brown liquor / You made a deal with this devil / Turns out my d–k’s bigger,” she sings. “You want a fight, you found it / I got the place surrounded / You’ll be sleeping with the fishes / before you know you’re drowning.”

Swift then warns her mentee that they “picked the wrong trigger,” adding, “This empire belongs to me.”

While the “Lover” songstress didn’t reveal who she wrote the diss track about, Swifties theorized it was either about Olivia Rodrigo, Scooter Braun or even Scott Borchetta, the CEO of Big Machine Records.

“‘father figure’ is 100% about Olivia Rodrigo and their feud,” one person wrote on X, suggesting Swift is the speaker in the song.

Another person agreed, saying that “Taylor Swift’s song father figure is 100% about her meeting Olivia Rodrigo, being her mentor and their eventual fallout. The lyrics make it so obvious.”

It’s possible Swift could be addressing her fallout with Rodrigo, who previously admitted to being inspired by the 2023 hit “Cruel Summer” when writing “Deja Vu” for her “Sour” album.

Shortly after, Swift and her “Cruel Summer” collaborators, Jack Antonoff and Annie Clark, received song credits for “Deja Vu” and were entitled to a 50 percent stake, Billboard reported.

Rodrigo later dropped her 2023 track “Vampire” from her “Guts” album, about a “bloodsucker, famef–ker,” who bled “her dry,” which several fans assumed was about Swift.

However, other Swifties argued that the song could have been written from Braun and Borchetta’s point of view as Swift’s “father figures” in the music industry.

“Father figure was not my favorite at first but I was feeling it by the end … idk I felt like it was just supposed to be from the perspective of scooter braun,” One person tweeted, with another adding, “Father figure is about scooter Braun.”

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Meanwhile, others suggested that the cutting words could be directed at Borchetta, with one person writing, “Listening to father figure and feeling hateful towards Scott Borchetta and Scooter Braun.”

“Father Figure is such a F–K YOU to Scooter Braun and Scott Borchetta, I LOVE IT,” a second bluntly shared.

Swift’s feud with the two music executives started in 2019 when Borchetta sold the rights to her first six studio albums — “Taylor Swift,” “Fearless,” “Speak Now,” “Red,” “1989” and “Reputation” — to Braun without her approval.

By 2020, Braun resold the six albums to Shamrock Capital, leading Swift to start the process of re-recording and re-releasing the albums, titling them “Taylor’s Version.”

Swift, however, hit a massive milestone in May when she revealed she bought back the rights to her masters for a reported $360 million in a heartfelt letter to fans.

At the time, Braun told Page Six that he was “happy” for Swift.

During a Friday interview with “Magic Radio,” Swift confirmed that she wrote “Father Figure” from the point of view of a character — and not as herself.

“Weirdly, there are lines that I think represent the way I write songs,” she told hosts Gok Wan and Harriet Scott. “It’s not something that represents who I am as a person because this is very much a song that’s written in character, the song called ‘Father Figure.’”

“The Life of a Showgirl” is out now.