The 2008 EBT [not a typo] Hip Hop Awards went down in ATL this weekend in full on hood fashion. No rappers or farm animals were jailed this time around but host Katt Williams was replaced at the last minute by none other than T-Pain.

Here’s the dirt on what happened via Freddy O

Being Mr. Nosy, I overheard a conversation during the rehearsal that Katt might not be performing. Come to find out, ALL of that was true. Why didn’t Williams perform? Well from my understanding, he and one of the top execs for the show got into it because of his lack of preparation for the show and him not liking the set. It is said that in rehearsal he was two hours late, completely unprofessional and one of his managers tried to start an altercation with the person in charge of the show! Blows were about to be thrown!!!

Apparently, Katt wasn’t stressing and didn’t consider the gig a win or lost. Allegedly, he was only receiving a little over 60 stacks plus ample gifts and endorsements for his services. But BET had something for him, just as soon as he was wasn’t there, he was replaced by somebody who some say was a much better host.

BET.COM blog team is reporting that Katt Williams lost out on a bet with T-Pain that resulted in Mr. Vocoder winning hosting duties.

“So we were all hanging out last night and Katt bets T-Pain couldn’t beat him in a break dance battle. Not knowing T-Pain was an extremely DOPE break dancer, Katt thought it was an easy win. T-Pain said if I win, I get to host the Hip Hop Awards,” said Stephen Hill.

James Frey couldn’t make this shit up.