Sex Tape Shelved -- MTV Star Is "Severely Disappointing"

TMZ has learned a porn company has put the brakes on an alleged sex tape featuring "The Hills" star Lauren Conrad and "Laguna Beach's" Jason Wahler -- because of the bad boy's "severely disappointing" behavior. And apparently, according to our source, the tape is severely disappointing as well.

A TMZ source said the alleged tape, news of which first broke on Perez Hilton, is "very vanilla" with "no hard core sex." The source adds that LC and Jason are basically "messing around." But SugarDVD tells TMZ they are retracting their previous offer of $500,000 for the tape, because of Wahler's recent arrest in Seattle. "We refuse to support any person who feels that it is in any way acceptable to rattle off racial slurs and slanderous language about African-American people, homosexual people and the police department." Porn with integrity, people!

Not only is Sugar pulling the offer, but they are reaching out to their network to discourage anyone from participating in a deal for this alleged tape.