Katt Williams Faizon Love Is a Bald-Faced Rat

10/21/2012 6:18 AM PDT

Katt Williams
is adamant -- Faizon Love's accusation that Katt threatened him with a gun makes Faizon nothing but a big, fat snitch and bald-faced rat ...  but he DOESN'T deny Faizon speaks the truth.

We broke the story ... Faizon claimed Katt  pulled a gun on him outside Supperclub in Hollywood earlier in the week ... Faizon told us he feared for his life.

Katt's diatribe is telling, because the one thing he DOESN'T do is call Faizon a liar.

After getting arrested and taken to the station, Katt was released and no charges were filed.