Ladies and gentleman, please welcome today's Guest Dad: Hulk Hogan! OK, he's not exactly our guest, at least not in the flesh. But I wanted to pass along the advice the wrestling star reportedly gave Laila Ali, his pregnant co-host on American Gladiators.

According to E! Online, Ali says Hogan told her, in essence: "Just teach them the right things, lead them the right way and then you have to give them the space to do their own thing.”

Unfortunately, Hogan's 17-year-old son was just sentenced to eight months in jail for his role in an accident that left a good friend critically injured. And his 20-year-old daughter was in an accident over the weekend (she wasn't hurt, and reports indicate she wasn't at fault.)

Things must have seemed a lot easier when they were babies.

What do you think of Hogan's advice?