Revered as one of the world’s top magazines, Time has acknowledged Hip Hop in this week’s issue, a collection of lists acknowledging 2008. The periodical placed Lil Wayne‘s [click to read] “A Milli” [click to read] among its best songs of the year.

Coming in at #4, the Bangladesh-produced monster hit of 2008 was quoted as “crazy, off-balance wordplay, which [Lil Wayne] claims is spontaneous, is hypnotic.

The single was only topped by Norwegian singer Ida Maria‘s “Oh My God,” Pink‘s “So What” and another familiar face to the Hip Hop genre, Kanye West with “Love Lockdown” [click to listen].

In related news, Rolling Stone this week acknowledged the album “A Milli” hails from, Tha Carter III [click to read], as the third best album of 2008. The Cash Money/Universal Records release was only topped by a Bob Dylan bootleg release, and TV On The Radio‘s Dear Science.

The lone other rap release to make the famed music and pop culture mag’s yearly Top 50, was NasUntitled [click to read], coming in at #43.

Both issues are on newsstands now.