We recently reported that the other day’s incident with Katt and the L.A. hotspot Supper Club story was just a misunderstanding.. But now the real truth might be surfacing. Faizon Love tells TMZ, Katt Williams pulled a GUN on him during an intense argument outside the Supper Club. Find out the story after the jump!

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This could mean big trouble for Katt, just when he thought he was in the clear! Love tells TMZ, he was parking his car near the Hollywood nightclub, he sees Katt and decides to approach him over a $50,000 debt Katt allegedly owes him.

Love says:

“Once the argument escalated, Katt went to his car to go get his gun to pull it out on me.”

Daaaamn Katt!

He continues on to say:

“Fortunately, one of my homeboys who was there took the gun out of Katt’s hands. Come to find out the gun he pulled out on me was not even loaded. My homeboy gave it back to him … then we went in the club.”

Then, suddenly the cops show up to the club, but Love INSISTS it wasn’t him who called the police.

“I am just extremely upset that his punk ass would pull a gun out on me and even play with me like that,” Love says …adding, “He better chill his ass out.”

Faizon snitching? Well, Katt was released that night. No word yet on what’s going to happen to him.