After Rapper Lil' Wayne walks out of New York's Rikers Island jail Thursday, he'll fly to Miami for a welcome home party thrown by his record label, his publicist said Wednesday. He'll soon head to a studio to work on new music, publicist Kia Selby said. Lil' Wayne, whose legal name is Dwayne Carter, began serving jail time on a gun possession charge began last March. Former President Bill Clinton, asked about Lil Wayne on a radio show this week, predicted Lil Wayne would stay out of trouble in the future. "This guy's smart and he's got ability and he's got a new chance now," Clinton said. "What I hope is that it's not just something to brand him as a cool guy, but it'll never happen to him again." The New York conviction stemmed from his arrest in 2007 outside New York City's Beacon Theater. According to police, Carter had a .40-caliber pistol on his tour bus. His attorney said it belonged to someone else. Much of Lil Wayne's last month was served in "punitive segregation" because he was caught with an MP3 charger and headsets during a search of his cell, a jail spokesman said last month. Despite being locked up, he managed to released the digital version of his new album, "I Am Not A Human Being," on his 28th birthday in September. The 10-track album was the ninth for the prodigious rapper. The physical version of his CD hit stores last month. He's has been communicating with his fans via a website which documents his life behind bars. Lil' Wayne is a multiplatinum-selling and Grammy-winning rap artist. His hits include "The Block is Hot" and "Lollipop." His album "Tha Carter III" was the top selling disc of 2008. Source: CNN