TMZ Live

Slim Jimmy is sure he'll bounce right back from his horrifying leg injury -- and while his confidence might be sizzurp-fueled ... he also thought he might die on stage when it first happened.

Slim and Swae Lee were on TMZ Live on Tuesday, and Slim described the moment he toppled into a spotlight, slashed his leg and toppled over during a show in NYC last weekend.

The guys were their usual light-hearted selves, but Slim got serious about the pain -- and then Swae quickly cracked a joke ... about his partner sipping on sizzurp (codeine cough syrup) during his hospital visit.

Check out the clip -- Slim thinks he'll be game ready within about 10 days. Mentally, he's already good-to-go ... these guys are awesome.

Taylor "Lil Bit" Wright is worried someone's going to break into her house before she heals from childbirth -- and that's why she keeps a loaded weapon handy ... even next to her newborn.

The ex "Party Down South" star came on TMZ Live to respond to the critics who've been blasting her about the pic of her handgun on a nightstand, right next to her one-month old and baby daddy, Dalton Elliott.

To say Lil Bit is a proud gun-toting mama would be a huge understatement. Check out this clip -- she explains she's still recovering from a c-section ... so she wants to be armed and ready. As she puts it ... "Someone breaks in, I'm killin' 'em."

President Obama refused to address the racial issues raised by famed Hollywood producer Byron Allen, but went radio silent, according to Allen ... who's now blasting the prez AND the potential future prez.

TMZ broke the story ... Allen told us, on camera, that Obama is a "white president in blackface." The remark ignited huge controversy, but when Allen came on TMZ Live he refused to apologize. Instead, he said he was intentionally being harsh on BO because "Black life in America is harsh!"

Allen also says he's only going public with this because he met the Prez face-to-face -- at a fancy $40k/plate dinner -- and raised his concerns, but never heard back.