Shaquille O'Neal's clearly a man of his word ... 'cause after he bet he'd eat a frog if TCU lost to Georgia in the national championship -- he settled his debt live on television on Thursday night!!!
Shaq initially made the wager with his "NBA On TNT" co-host Ernie Johnson last week ... saying if UGA managed to pull out the victory over the Horned Frogs on Monday, he'd scarf down a plate of toad.
The Dawgs ended up smacking TCU 65-7 .