S*x tape alert! The rumors are true, there is a sex tape out there of Grey’s Anatomy hottie Eric “McSteamy” Dane. And his wife, Rebecca Gayheart. And former Miss Teen USA Kari Ann Peniche. Monday evening Gawker put a short, NSFW “boobs only, no sexin’” four-minute video of Eric, Rebecca and Kari Ann all hanging out naked and maybe doing drugs, it’s a weird video. I actually had problems with the video on Gawker, but You Tube has it up too (also NSFW). Fleshbot (site really, really NSFW) has already announced that they will have the complete sex tape at some point Tuesday morning, and there are some vague promises of McSteamy Wang. Here’s Gawker’s description:

“How did these people end up here?” is the implied question of every sex tape. Especially with the druggy romp Eric Dane (Grey’s Anatomy’s “Dr. McSteamy”) and his wife Rebecca Gayheart filmed with beauty-queen-turned-Hollywood-madam Kari Ann Peniche.

In the video (which we edited down from a 12-minute original), we see the apparently inebriated threesome — at one point Gayheart says she needs to lay down because she’s so high — lounging au naturel in the fallen beauty queen’s Studio City apartment, passing around the camera and, for giggles, discussing what their porn names should be. Dane settles on “Tuff Hedemen” (his favorite champion bull rider). Soon the threesome move to the bathroom where the two ladies disrobe and get into a jacuzzi tub while Dane takes over the camera duties.

The line between Hollywood success and failure is razor thin. The acting couple (the married in 2004) may not be at the pinnacle of the Hollywood talent heap, but they’re about as successful as they could have hoped in their teenage years. Oh, and they’re hoping to start a family!

Dane, 36, moved to L.A. in his teens, landing bit parts in early 1990s TV shows like Saved by the Bell and The Wonder Years, palling around the Hollywood club scene (once dated Lara Flynn Boyle!) before winning stardom in Grey’s Anatomy. Gayheart, 38, had her first big break in 1992 as the Noxema Girl, and aside from accidentally killing a teenager crossing the street, she’s made a career of film and TV roles here and there.

Peniche, 25, probably had a similar future in mind when she was crowned Miss Teen USA in 2002, but it wasn’t to be. She was stripped of her crown for posing in Playboy. Peniche tried to leverage the controversy into a career, and knocked around on the Hollywood Z-list for a while. She got engaged to Backstreet Boy Nick Aaron Carter for a minute.

There were a handful of TV and film roles, but lately, a source in Hollywood tells us, she’s ended up working as a madam, working the Hollywood club scene as “Tristan Bailey.” Her m.o.: When horny club dudes would hit on her, she’d tell them she was seeing someone…but, she could hook them up with someone who knew some smokin’ hotties-for-hire. The dudes would then be redirected back to her service, and she’d occasionally turn a trick herself.

Recently she was thrown off Dr. Drew’s Celebrity Rehab (where she was being treated for sex addiction) amidst back-and-forth accusations that she punched out a cameraman, entertained unsavory drug dealer types at the Sun Valley sober house, and stole money and personal belongings from her roommate, country singer Mindy McCready.

As of late July, the Hollywood vice squad got a hold of Peniche’s client list and the above video, which Peniche herself had been showing around to friends. The most damning part segment: Peniche lying topless in bed reading off a credit card into a phone. (Or maybe she’s just ordering out?) Here’s the evidence receipt, with the identities of the cops and the person who turned it over blurred out.

Oh, and a fun fact: This isnt’t the first time Gayheart’s been seen naked and high in a hot tub. This past June, the National Enquirer printed a 2003 photo of her in a bathtub with an unidentified woman and a crack pipe. As Dane comments while his wife gets naked with another woman again, he pays Peniche, who’s facing a criminal investigation while they are not, a back-handed compliment: “You’re, like, a good hang. I see you on the street tomorrow, you’re one of Rebecca’s friends.”

[From Gawker]

I just watched the four-minute version, and I’ve come away with several general impressions. First, Eric Dane is a pimp. He’s lounging around naked with his wife and a Miss Teen USA/maybe-Hollywood-madam, and he’s totally nonchalant about the whole thing, especially considering his wife is filming him. Secondly, Dane seems way more interested in the strange than the wife, if you catch my drift. For her part, Rebecca seems more interested in Miss Teen USA too. When all’s said in done, I think my favorite part is when Eric is filming Rebecca and Kari Ann naked, in the bathtub, and he declares to Kari Ann “You’re, like, a good hang.” Famous last words, dude.

Kari Ann Peniche is shown on 7/15/08. Rebecca Gayheart and Eric Dane are shown on 7/10/09 at LAX. Credit: WENN.com. Rebecca and Eric are also shown at a film festival in Italy on 7/8/09. Credit: Fame Pictures