Ryan Seacrest X-Mas Party -- Dancing Man Arrested ... IN ASSLESS CHAPS


Ryan Seacrest's company X-mas party got REAL cheeky last night in Hollywood -- in fact, some random weirdo was arrested outside on the street ... after dancing all over the place in assless chaps ... and the hilarious scene was all caught on tape.


We have no idea who the mystery man is or why he was there -- but last night outside Loteria restaurant, this god among men stripped down to assless chaps ... and danced away like there was no tomorrow.


The best part ... he was dancing to Rick Astley's "Never Gonna Give You Up." And he's got some impressive moves too.


Okay, we take that back. The best part is when he gets arrested.