This "People magazine" cover was floating around the Twinterwebs and causing a freak out amongst the Twidom apparently reporting that Taylor had come out of the closet.

Twitter can calm back down thanks to @GossipCop:
A purported People magazine cover on which Taylor Lautner announces that he’s gay is FAKE.
The image of the supposed January 7, 2012 issue shows Lautner above the phrase “Out & Proud,” and allegedly offers the “Exclusive” that the actor is going public with a bombshell about his sexuality.
“Tired of rumors, the Twilight star opens up about his decision to finally come out,” promises the “People” cover, which quotes Lautner as saying, “I’m more liberated, and happier than I’ve ever been.”
But the magazine cover is 100% phony.
It is NOT a real People preview.
A rep for the magazine confirms to Gossip Cop exclusively that it’s “absolutely fake.”
Nevertheless, the Photoshopped fake is being circulated everywhere via Twitter and other social media on Monday.
Spreading fake stories like this one only diminishes the impact of real news – be it Lautner’s or anyone else’s – when it happens.
FYI: The Brad Pitt/Carnie Wilson sidebar is stolen from a May 2006 People cover.
*Phew* close call ;)

Taylor, if you ever did come out, obviously the Twidom would still puffy heart you, but I'm sure there are a lot of Team Jacobers (gals at least) who are relieved this cover was proved to be a fake!

- Lorabell
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