Pete Wentz

I don't know him well, but I saw Adam [Levine] from Maroon 5 in a store wearing a Prince Purple Rain T-shirt. It looked tattered, definitely from the era, and I wish I owned it. I actually just stole an old Thriller T-shirt from a photo shoot. It was on the rack -- for another band -- but I put it on, put a jacket over it and walked out. I seriously just stole it.

Do you have a good Kanye West story?

Yes. One day he was like, "Come over, play your new stuff and I'll play you mine." So we went over there, and he and his friends were playing [the board game] Taboo. They had all kinds of internal lingo, like Kanye would say, "My house is . . ." and someone answered with, "Museum!" Then someone said, "Another word for gun . . ." and I was like, "Gat!" They laughed at me like I was a suburban kid stuck in 1994. The answer was actually "toast"! Since then I've been saying, "Yo, I'm going to pull my toast on this dude!"

I saw you guys perform a couple of years ago and you sucked. Do you still suck?

[Laughs] By virtue of being in a band, you don't really get worse. I think we've gotten better, but at the same time, we're not one of those perfect live bands. We're sloppy, we thrash around, and that's how it's been. It's a fun show. I know a lot of bands use smoke and mirrors, but when Patrick [Stump] is singing, he's actually singing.

Does it bum you out to see your proteges, Panic! at the Disco, beat you to the cover of Rolling Stone?

They're like Frankenstein: Who could've predicted what's happened to those guys? When they started outselling us . . . yeah, it's disconcerting -- I wish my band was on the cover of Rolling Stone -- but those dudes are some of my best friends. There's no jealousy or weirdness. We're all supportive of each other.

Did your parents see the shots of your wang on the Internet?

I've got to say they probably did. I got an e-mail from my mom that said, "Be more careful next time."

No way!

But if they did or if they didn't, I don't ever want to have that conversation.

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