Michael Richards exploded in anger as he performed at a famous L.A. comedy club last Friday, hurling racial epithets that left the crowd gasping, and TMZ has obtained exclusive video of the ugly incident.

Richards, who played the wacky Cosmo Kramer on the hit TV show “Seinfeld,” appeared onstage at the Laugh Factory in West Hollywood. Kyle Doss, an African-American, told TMZ he and some friends were in the cheap seats and he was playfully heckling Richards when suddenly, the comedian lost it. (Read more…)