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TMZ Live 10/9/12: Hulk Hogan Sex Tape -- A Friendly Betrayal

Hulk Hogan called in and got the bombshell about his sex tape -- Bubba the Love Sponge, Hulk's BFF, knew the XXX encounter was recorded ... and never said a word. Hulk reacts to the news, and lays out his legal strategy. Plus, Justin Bieber's beer pong party! Bad move for an underaged pop star -- or the ONLY move we should expect? And some highly qualified party people reveal what's up with JB's backpack in the pic! Also, Lindsay Lohan's Oscar comeback ... is either just beginning or totally derailed. You gotta see why the trailer for her latest film is making one TMZ staffer swallow his words!

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