Well well well. Turns out ‘lil ‘ol Carrie Prejean didn’t drop her lawsuit against the Miss California Pageant just because they had a good case in their countersuit. They also had some serious dirt on the former beauty queen: a sex tape. In fact when they showed her the tape she instantly said she’d drop the suit. She’s walking away with nothing, though the pageant is paying a hundred grand towards her lawyers and publicist. TMZ confirms that the tape definitely exists – they were shown it several months ago. However they decided not to post it because it was so graphic. Which makes me wonder: what must be on that tape for it to be too much for TMZ?

Carrie Prejean demanded more than a million dollars during her settlement negotiations with Miss California USA Pageant officials — that is, until the lawyer for the Pageant showed Carrie an XXX home video of her handiwork.

The video the lawyer showed Carrie is extremely graphic and has never been released publicly. We know that, because TMZ obtained the video months ago but decided not to post it because it was so racy. Let’s just say, Carrie has a promising solo career.

We’re told it took about 15 seconds for Carrie to jettison her demand and essentially walk away with nothing. As we first reported, the Pageant is paying around $100,000 to her lawyers and publicist — a fraction of her bills. She pockets nothing in the settlement.

[From TMZ]

So the video is probably of just Carrie, from TMZ’s little “promising solo career” quip. But it could be with someone else and she just spends a lot of time on herself. Someone else was probably taping, if nothing else. But I have a hard time thinking of anything she could do on her own that would be so shocking TMZ would pass on posting the tape – or at least screen caps or something. That just seems right up their alley. I have never, ever so greatly hoped a semi-celebrity sex tape would be released. Crossing fingers.

So I guess Miss Morality really is just Miss Bigot. I doubt marriage between two men or two women is an immoral sin but making a dirty sex tape is a-OK. And I have to give fair credit here – Celebitchy pointed out earlier today that the pageant could have something on Carrie. She’s so self-righteous, it’s hard to believe she’d drop her lawsuit for anything. Unless the tape is out of this world, I’m a little surprised it caused her to back down. I thought her sanctimony would make her see it through ‘till the bitter end.

I cannot wait to hear her statement. I’m going to relish her logic and justifications – they’ll be good for a laugh.

Here’s Carrie speaking at The Family Research Council’s annual ‘Values Voter Summit’ in Washington DC on September 18th. Images thanks to WENN.com .