Betsey Johnson Has A Major Problemo

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Racked.com says clothing designer Betsey Johnson just borrowed $48.8 million from Steve Madden, who already owns the license for the company’s accessories. If Betsey doesn’t come up with the $48.8 million by 2012 she borrowed from Mr. Madden, Steve Madden will own her brand and will be able to seize personal belongings of the company CEO, Chantal Bacon, and Betsey Johnson herself. Better start selling some prom dresses Betsey.

Betsey Johnson Has A Major Problemo

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According to TMZ, Lovable Lindsay was leaving her apartment building last week and was turned onto Holloway Drive with a green light. A paparazzi who was stalking her said she tapped a baby stroller at 1 mile per hour. Then Lovable Lindsay pulled over and asked the nanny if the baby was ok and drove off.

The only problem with that story is that a paparazzi actually video taped the incident who said Lovable Lindsay went through a red light and there was major impact to the stroller, causing three wheels to leave the ground and Lovable Lindsay fled the scene. Yikes. We hope that isn’t true!

Lovable Lindsay Accidentally Hit A Baby Stroller

German Katy Perry Commercial

The commercial is for her new single, Teenage Dream, and whoever directed it is an absolute genius. We love that she’s wearing Pat Field’s throughout the entire thing.

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German Katy Perry Commercial

Broke Braxton

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According to Realtor.com, Toni Braxton’s Nevada home is in foreclosure. Her and her then husband, Keri Lewis, bought the home in 2007 for $2.6 million. The home is listed for $1.15 million and it has been completely cleaned out. It has four bedrooms, a pool, three-car garage and views of the surrounding desert.

This really breaks our hearts. We are such huge fans. May we suggest cash for gold. They’ll send you an envelope in the mail and give you cash for your jewelry. Just a thought.

Broke Braxton

Jus’ Sayin’

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A Squinting Fox. Leonardo DiCaprio. Jus’ Sayin’…….

Jus’ Sayin’

Gaga Exclusive

A Bulgarian tranny is going so gaga for Lady Gaga that he wants to become her.

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Penio Daskalov, 24, plans to have a full sex change operation and is enlisting cosmetic surgeons to turn him into a double of Lady Gaga, which he thinks will help him launch a career in music.
“I really admire the way she has created herself, so when I’ve had my operations I won’t be quite a man or quite a woman,” Daskalov said.
“I’ve already contacted her management and told them what I am doing and how I’d like to record a duet with her,” he concluded.

Daskalov was a housemate on the Bulgarian version of Big Brother where he successfully tricked contestants on the show into thinking he was a woman.

There’s no word yet from Gaga’s camp as to whether or not she supports Daskalov’s soon-to-be transformation.

And video has emerged showing Daskalov pre-sex change, dancing and singing and dressed as a woman!

Gaga Exclusive

Weave Me Alone

Glad to see this Gaysian is wearing black eyeliner or this look would have just been ridiculous.

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Weave Me Alone
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Slunt Slap

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Today’s Slunt Slap goes to Kim Kardashian for breaking her contract with Sephora who was supposed to have exclusivity for her fragrance. Kim is planning to sell her fragrance to Target and Macy’s which are obviously much bigger outlets than Sephora can offer. Sephora has already cancelled some of her in-store appearances and is threatening to stop selling her fragrance altogether.

Slunt Slap

BFFs Kanye West and Justin Beiber have finally released their collaboration “Runaway Love” with Raekwon thrown in for good measure. Listen to it below!

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The Kanye West, Raekwon, and Lesbian Tween Pop Sensation Justin Beiber Collaboration Nobody Has Been Waiting For

What Was In Paris’ Purse That Night

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For starters, 0.8 grams of cocaine, $1,300 in cash, some credit cards, and rolling papers. According to police, Paris asked if she could go to the bathroom at the Wynn Hotel. While at the hotel, she told cops she needed lip balm from her purse. As she began to open it, a small baggie of what appeared to be cocaine dropped out into the cop’s hand. Inside the purse was also a broken tablet of Albuterol, a prescription med to control wheezing.

Paris admitted to the Albuterol but claimed the coke was her “friend’s.” Might want to get a better story than that Paris.

Paris Hilton Arrest

What Was In Paris’ Purse That Night
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