Miley Cyrus Bong Owner -- Let's Make a Deal!

1/3/2011 11:00 AM PST
The guy who owns the bong Miley Cyrus smoked salvia out of has finally come down come to his senses ... and now he wants to sell the infamous water pipe while it's hot!

When we last checked in with Mr. Bong Owner, he was telling friends he did not want to part with the item because it held "sentimental value."

Now the term "actual value" has entered his vocabulary, and Mr. Bong Owner tells us he's now looking to cash in. He's even set up an email account to field offers -- -- and thinks he can get close to "five figures."

Don't hold your breath.