Iggy Azalea threatens to cut off boyfriend’s manhood if he cheats again

Nick Young is on the THINNEST of ice — ’cause Iggy Azalea says if the NBA star betrays her just one more time, SHE’LL GO FULL LORENA BOBBITT ON HIS A$$!!!

Iggy appeared on the “Orlando & The Freakshow” radio show on Wild 94.1 — and made it clear she’s very NOT COOL with what she saw in D’Angelo Russell’s video … when Young apparently admitted to cheating on her.

“I’m not cool with it,” Iggy said … “Like you’ll have half a penis.”

“I already said one more video, just one more thing and you will lose a quarter of your meat.”

There’s A LOT more … when the radio host brought up the bro code violation between Nick and D’Angelo — Iggy said, “screw guy code.”

“I have an actual spoken commitment that you’re going to get married to me … and that involves not doing any of those other things.”

Iggy finished the interview by going full ALPHA FEMALE — saying when it comes to fans, she’s got WAY MORE than Nick.

For the record, they’re still engaged … but it’s pretty obvious Nick’s still in the dog house.

Source: TMZ.com