Based on a True Story is the first studio album by New Zealand group Fat Freddy's Drop.

Based on a True Story utilized the band's trademark dub, reggae, soul and funk influenced sound, and has been successful both in terms of sales and of critical reception.

Whilst the track listing named previously successful singles such as "Hope" and "This Room", these songs were in fact rerecorded in entirely new versions for the album.

[1] In 2005, Based on a True Story won the New Zealand Music Awards for 'Album of the Year', an unusual achievement for an independent label.

'Based On A True Story' also features appearances from New Zealand musicians including Ladi 6, P Digsss, Hollie Smith, Rio Hemopo & Riki Gooch, Nick Gaffaney, Chris Yeabsley & Aaron Tokona.