In a video that's since gone viral, Arquette was hit over the head with a flourescent bulb and cut his neck open. As you can imagine, there was a lot of blood everywhere and looked pretty horrific, to put it mildly.
Arquette quickly reassured people on Twitter that he was fine, and late last night posted a heartfelt statement on the incident.
"As some of you might have seen, last week I was injured in a wrestling death match. I wanted to make sure to address the photos and videos that have surfaced from the event, as this is not the type of wrestling you watch on TV. I knew it was violent and potentially bloody, but I truly did not know the extent of what I was participating in. However, I take responsibility for putting myself in that situation."
Arquette explained that he had spent the last six months training and competing in 'indie matches', which is basically the smaller wrestling promotions outside of WWE. The actor has been a fan of wrestling for many years, and was even the WCW World Champion for a short period of time.
"I also want to apologize to the professional wrestling world for any negative attention this might have brought forth over the weekend, and I have zero plans to be involved in a match like this again," the statement added.
In a later tweet, Arquette explained that "the main reason I got cut is because I panicked. I was clearly in over my head." Arquette did however say that he will continune wrestling and hopes to step back into the ring in the near future.
Here's hoping it doesn't end up as bloody as this one did.