Gay Mafia "Fag-wa": Pharrell

Has Pharrell Williams cost himself a big-bucks Louis Vuitton campaign after a regrettable incident at Milan Men's Fashion Week?

The singer was slated to be the face of Vuitton's fall advertising. But he had a "fag-wa" called against him after his heavies bounced a bevy of influential gay fashionistas (including Elton John's hubby, David Furnish, and Burberry designer Christopher Bailey) out of his VIP lounge at a GQ magazine party, telling them there was "too much sausage" in the room.

Now Vuitton reps are calling around, "taking the temperature" of the bad press he generated, says an insider, and are mulling whether to pull the campaign.

Williams' pal Naomi Campbell seems to have summed up his problem best.

According to multiple sources, she called and told him, "Two words: Donna Summer." It's a reference to the disco diva whose career nosedived after she allegedly made homophobic remarks.

But the story causing the most amusement in style circles is what shoe designer Manolo Blahnik apparently said when he heard about the incident at a fashion breakfast.

Says an insider: "Manolo was fuming and said, 'Ugh, I've always hated that guy. He was terrible in "Bewitched."'"

Um, Manny? That was Will Ferrell, not Pharrell Williams.