Michael Stipe Makes Comedic Coming Out Statement

After years of folks speculating about his sexuality, a previously coy Michael Stipe is fully out of the closet ... and having a good laugh about it. The R.E.M. frontman has made a video in response to all of the hype surrounding his recent, long overdue and unequivocal declaration that he is indeed gay. But Stipe doesn't lash out at the media. He instead makes a very surprising statement about his bandmates' sexual proclivities.

You can watch Stipe's funny video on PEOPLE.com.