Pete Wentz was interviewed for the cover of the gay magazine Out.

[...] The ideas that have worked best over the last five years have given Wentz the industry cachet to be taken seriously. His eclectic record label, Decaydance (an imprint of indie Fueled by Ramen), signed the theatrical young band Panic at the Disco, whose first album was made for $10,000 and sold 2.5 million copies worldwide. Their Beatlesque follow-up debuted at number two. [...]

Asked by reporters what rumors the members of Panic at the Disco have heard about themselves, they cite the frequent speculation they’re all dating each other. “What’s the problem if Ryan [Ross] and Brendon [Urie] were actually dating, you know?” the band’s bassist, Jon Walker, told Out last year in reference to the band’s guitarist and singer, who on one tour acted out a love story on stage. Drummer Spencer Smith jumped in to say, “Because they might be.”

“They’re more gay in a totally other way,” Wentz says cryptically, with a proud parent’s smile.

1. Pete Wentz Adds the Latest Piece to the Panic! at the Disco Puzzle
2. Pete Wentz Mentions Panic! Album in Blog
3. Panic! At the Disco’s Ryan Ross Talks New Album As He Turns Legal at Pete Wentz’s Bar
4. Pete Wentz Talks Panic!
5. Pete Wentz Talks About P!ATD

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