David Arquette Back in the Ring ... Loser Loses Hair

David Arquette is a glutton for punishment ... returning to the wrestling ring after a deathmatch that almost killed him.

Arquette took the mic at a news conference Friday night to hype his upcoming match with veteran pro wrestler Jocephus in a "hair match" for the National Wrestling Alliance. The stakes ... loser shaves his head.

NWA President and former Smashing Pumpkins frontman, Billy Corgan, kept the 2 men apart during the faceoff at the Pinnacle Family Entertainment Center in Clarksville, Tennessee.

Jocephus stormed the stage with a VHS copy of Arquette's 2000 pro wrestling movie “Ready to Rumble” ... mocking him as an actor and implying he had no business trying to measure up in the ring.

@GIFSkull

As we previously showed you, poor David was a bloody, mangled mess last November after getting smashed in the head with a light tube.

The Arquette/Jocephus hair match goes down tonight. At least this time around, the consequences for the 47-year-old Arquette will not be as grave, unless of course the clippers haven't been sharpened.

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