SPENCER PRATT: DOES HE HAVE A SEX TAPE?

Talk about art imitating life! On “The Hills” this season, the plotline involves SPENCER PRATT being accused of spreading rumors about an alleged sex tape of LAUREN CONRAD – but in real life, says an inside source, Spencer’s actually got a sex tape of his own that shows him and a few buddies exploring the, er… hills and valleys of some smokin’ hot Brazilian babes! (Note to Spencer’s fiancee, HEIDI MONTAG: The alleged Samba Land group grope was lensed way before you two became betrothed, but know this: My source says Spencer showed the tape to a Hollywood video editor and repeatedly asked him to spruce it up – saying he might secretly release it into the marketplace while claiming it was “stolen,” al la PARIS HILTON, PAM ANDERSON, etc. The editor nixed the sleazy project, Heidi, so hopefully your betrothed has given up the idea, but…it wouldn’t hurt to ask, right?)