I feel that it is important to point out that Iname is an idiot. He is my friend
Well. When situations like this arrise between my friends we usually settle it with violence. Punch your friend in the face and tell him he knew what he was buying. Then go out for some wings, beer and a few laughs with him. Drink enough beer that the argument will come up again. Then have a really good fight over stupid shit that you did to each other when you were younger. (Old debts, old girlfriends, whatever.) After your both bleeding pretty good, have a couple more drinks. Hit on women that are way out of your league, bitch about them 'shooting you down' to each other then go home and sleep it off.
I don't know if this actually solves any problems you might have...but hey...makes for an exciting evening.