New Jason Russell THE NAKED MELTDOWN From Up Close

3/20/2012 4:50 PM PDT BY TMZ STAFF

New Jason Russell video... the naked meltdownFrom far away, it was a naked man pounding the sidewalk in public -- now TMZ has obtained up close video of Jason Russell's meltdown ... complete with four-letter words ... and the devil.

In this new video, Russell can be heard ranting to himself, dropping F-bombs, clapping to no one in particular, and shouting about the devil. 

Russell was not arrested and won't be charged ... but he has been placed on a 5150 psychiatric hold.