LATEST: Fall Out Boy star Pete Wentz officially opened his New York drinking hole last night (30Apr07), heralding the venue a place where "all our loser friends can hang out". The singer teamed up with members of The Academy Is... and Gym Class Heroes for the Angels + Kings bar venture, and is thrilled he has a new place to spend his evenings. Speaking at the launch, Wentz told Page Six, "I'm just gonna be local and drink umbrella drinks. It will be a bit of a dive, which we need." Business partner Jamison Ernest added, "(It's) a place that anyone can go and have sex in the bathroom and not get in trouble."