I know there has been a lot of coverage on Steve-O as of late (and how could there not be after that infamous video!?! See it here.) We just wanted to fill you in on the latest development in his development, if you will. Celebritymound fills us in on Steve-O’s admission of insanity…   In a new blog post, Steve-O confirms a report that he is being hospitalized in a psych ward.   Under the title “You should all know I am in the looney bin,” the Jackass star, 30, writes:   “They call it ‘code 5150,’ that means ‘psycho,’ legally, f—-n bat-s–t, certifiably.   “I’m outta my mind, believe-you-me....

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