**UPDATE!

Video footage has been released by TMZ of Perez Hilton and Will.I.Am having the argument outside the club and Perez can clearly be heard calling Will.I.Am a “faggot” while Lady Gaga tries to calm him down.  Click HERE to watch!

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Wow, this is really intense.

Perez Hilton claims that he was assaulted by Will.i.am of the Black Eyed Peas and his manager Sunday night after being a host on the Much Music Awards in Canada.

Perez recorded what I must say is an incredibly powerful video, calling it his official “statement,” outlining all the little details of the event, and becoming quite emotional while doing so.  He calls out Will.i.am who also made a video, denying that he ever had anything to do with it and insisting that Perez was making this up to get more press for himself.

Check out Perez’s video HERE and Will.i.am’s videos defending himself below and decide for yourself.

Personally I think it’s pretty clear that Perez is telling the truth.  He’s right, he doesn’t need the press and I don’t think has any reason to accuse someone so famous of committing such a horrible crime unless they are actually guilty of it.