Legal experts think it's a negotiating ploy, but point out that California is a community property state, leaving Mr. Penn in a difficult spot. He previously had to surrender his left testicle as part of his split with Madonna who has it mounted over her fireplace next to Dennis Rodman's nipple ring and Vanilla Ice's soul.
The mustache in question could not be reached for comment, but a spokesperson said it was having a bad 'stache day, much like the Wright-Penns.
AMI is prepared to enter this case as a friend of the court to settle this issue without damage to innocent facial hair. Watch this space for more preposterous celebrity news. When there's a mustache in danger, AMI is there!