Sean Penn and Mickey Rourke have reportedly buried the hatchet after rumors that Rourke called Penn a "homophobe" and (gasp) an "average" actor.

Page Six spotted the pair having by-all-accounts friendly poolside drinks together Monday afternoon. According to an onlooker Rourke clutched his Chihuahua for "moral support" because he can "get a little nervous about Sean."

With good reason. Impugn Penn's Oscar-worthiness and you might just end up an old, broken-down piece of meat. (Page Six)