Nick Bollea, son of Hulk Hogan, the professional wrestler and now family-man on reality TV, was seriously injured in a car accident tonight in Clearwater, Fla. We'll let the celeb-obsessed folks at TMZ.com take it from here:

"Law enforcement tells TMZ the accident occurred around 7:31 PM ET. According to police, a Toyota Supra, driven by Nick Bollea (Hogan's real name), was traveling at a very high rate of speed when it lost control and hit a raised median. The car was flipped around and the back end hit a palm tree. The impact, we're told, "destroyed the entire car." The two male occupants were flown by Medivac helicopter from the accident scene to a hospital in St. Petersburg. We're told both men had "very very serious" injuries."

Remember, this is the same Nick Bollea involved with the burning Lamborghini from last year. [via TMZ]

UPDATE:Nick Hogan is reportedly in serious condition, but the passenger in the car sustained more severe injuries. He is listed in critical condition.

UPDATE #2:Full photo gallery of the crash aftermath here.