Arsenio Hall -- Rips March Madness Losers ... Poetically Speaking

Just as Wichita State fans were starting to heal ... Arsenio Hall ripped open the wound again with a pretty funny spoken word take on all the March Madness carnage.

Arsenio did an awesome tribute to Def Poetry on his show last night ... debuting a poem about all the NCAA bracket busting -- and taking jabs at the Shockers, the Syracuse Orangemen, and degenerate gamblers in general.

Check it out ... the highlight might actually be his shot at Lauryn Hill.