Jeremy Stephens called Yair Rodriguez the homophobic F-word during a heated altercation at their hotel in Mexico just one day after their UFC fight fell apart ... and it's all on video.
In footage obtained by IndiscutidoLA, you can see Yair and his entourage approach Stephens in the lobby ... and while it seems harmless at first, things escalate quickly.
We heard Jeremy tell Yair "Let's run it back." Then Yair says something about Jeremy's eye. Next thing we know, Stephens shoves Yair in the chest and all hell breaks loose.