Our friends at David Lynch Foundation Television paid a studio visit to Billy Corgan of the Smashing Pumpkins, and we’ve got first dibs on the interview. In it, Corgan discusses his creative process and there’s footage of him working on new Smashing Pumpkins material/holding auditions for their new drummer. He also gives the back story on how “Eye” ended up on the Lost Highway soundtrack. Here’s what Lynch has to say about Corgan: “Billy Corgan is a magical musician — a singer/songwriter with his own unique voice and way… a deep honest coolness emerges every time and his music has a big lasting power.”

Watch the video after the jump.