Diddy was making it rain at a taping of 106 and Park when he accidentally threw some ice along with the cash.

While tossing bundles of bills into the audience during a performance, his diamond ring slipped off his finger. Members of his crew then tore up part of the set looking for it, and when that turned up nothing, they detained and searched every member of the audience with a metal detector. The ring wasn’t found.

You’d think a man who can afford to toss cash out to the crowds like a Real World cast member giving away free herpes wouldn’t have a problem losing a piece of jewelry valued at a mere $20,000, right? Well, actually, the bundles of bills he was handing out like a Mormon with a surplus of  tiny green bibles were mostly fake, with only about $25 to $100 of real money mixed in with printed paper.

This debuted on L.A. radio Friday morning.

I’d like to write something about it, but I’m too busy deciding whether to laugh or vomit. So I’ll just let the song’s lyrics speak for themselves.

“The world is Michael Jackson.
I’m Michael Jackson.
You’re Michael Jackson.
We all Michael Jackson.”

< Insert vocal track of Chris Brown singing about some angels crying >

And I’m not sure, but at about 1:08 I think The Game is confessing that both he and Usher were molested.

“I shave and groom my private areas. It’s a better presentation for me. If men require women to go through the pain, we should return the favor.”

Diddy, who tells Allure magazine that he requires any woman he dates to undergo “Brazilian waxing, leg-waxing, brow-threading, manicure and pedicure.”

Here’s his thoughts on McCain’s use of the term “that one” during the debates last night. Between “that one” and “my friends,” all anyone can seem to talk about today is John McCain’s lingual pecadillos.

One of my friends changed her status message this morning to “THAT ONE ‘08″ and I thought that was kind of a riot.

Anybody know what Diddy did to his arm?

Here he is reppin’ Obama at Madonna’s NYC show last night.

Heh.

I guess it’s just Sarah Palin Day, since there’s nothing else going on during Labor Day weekend.

Here’s a fairly humorous rant by Diddy on the topic of McCain’s VP choice. And this was made before all the news about Bristol came out.

Thanks Kathryn!

Remember that LA Times story we called bullshit on, like, weeks ago?

The LA Times called bullshit on it today, too.

“In relying on documents that I now believe were fake, I failed to do my job,” said Chuck Philips, the reporter behind a story accusing Sean “Diddy” Combs of being behind a shooting of Tupac. “I’m sorry.”

The Deputy Managing Editor made a statement of his own: We should not have let ourselves be fooled. That we were is as much my fault as Chuck’s. I deeply regret that we let our readers down.”

So there you go.

I was right, the mainstream media was wrong.

Hooray! ;)