The album was produced by Ant Banks, Blackjack, DJ Paul, Juicy J, Pimp C, Al Eaton, DJ Squeaky, Tony Harmon and Spice 1.

It features songs from his "post-Jive" releases: The Last Dance, Spiceberg Slim and The Playa Rich Project, one song from the Jive album Immortalized, as well as guest appearances from the albums: The Big Badass, CrazyNDaLazDayz, Colouz Uv Sound and Cellblock Compilation, Vol.

Several guest performers appear on the album, including: 2Pac, Ant Banks, Too Short, UGK, Jayo Felony, Tray Dee, Yukmouth, MJG and Three 6 Mafia.

Hits 3 was released in between two Spice 1 studio albums, The Last Dance (2000) and Spiceberg Slim (2002).

Allmusic - "...Spice 1's second of two greatest-hits collections in two years, Hits 3 compiles a modest number of the notorious West Coast hardcore rapper's performances..."