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UPDATE: 10:30 AM EST

Toronto Mayor, Rob Ford, is speaking out about allegations that he is on video using crack cocaine.

“It’s just ridiculous,” he said as he left his home in Etobicoke on Friday morning and got into his black SUV.

“It’s another Toronto Star…”, he said before shutting his car door and driving away.

This story is developing.

SOURCE: TheGlobeAndMail

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We’re really not into name calling here, but there’s evidence that Toronto’s conservative mayor (read racist or offensive) may be…a crack smoker.

A cellphone video, viewed by two reporters from the Toronto Star and one at Gawker, is said to show Toronto Mayor Rob Ford smoking crack cocaine. No, seriously.

But we may never see the video. The owner, who claims that he has seen Ford smoking crack more than once, wants at least six figures for his tape. Probably so he can get the hell out of dodge before all of this hits the fan.

In any case, reports from Fox, who got their information from the Toronto Star, say this is what’s in the video:

It apparently depicts Ford sitting in a chair, wearing a white shirt, as he inhales from what appears to be a glass crack pipe. Ford, 43, then trades barbs with an individual not seen on camera who goads the mayor on topics like Liberal Leader Justin Trudeau and the high school football team Ford coaches.

“I’m f—ing right-wing,” Ford appears to mutter at one point. “Everyone expects me to be right-wing. I’m just supposed to be this great … ”

Gawker’s John Cook gives a more descriptive analysis of the amateur video, which he watched under very sketchy circumstances:

The man in the video is Rob Ford. It is well-lit, clear. Ford is seated, in a room in a house. In one hand is a clear, glass pipe. The kind with a big globe and two glass cylinders sticking out of it. In the other hand is a lighter. A slurred voice off-camera is ranting about Canadian politics in what sounds like an attempt to goad Ford. “Pierre Trudeau was a faggot!” is the one phrase the lodges in my mind. Ford, pipe in one hand and lighter in the other, is laughing, and mildly protesting at the sacrilege. He seems to keep trying to light the pipe, but keeps stopping to laugh. He is red-faced and sweaty, heaving with each breath. Finally, he finds his moment and lights up. He inhales.

The problem is…the owner of the video isn’t letting it go. And there is speculation that he might sell it back to Ford, in which case, this entire controversy will blow over. No pun intended.

We’ll keep you updated with the latest in this bizarre political scandal. And if you have six figures to buy a very important homemade video...hit this guy up.

SOURCE: Gawker | Fox