Pete Wentz Gives Ashlee Simpson a Promise Ring

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Ashlee Simpson has been flashing bling on her ring finger for a while now.

On Wednesday, she confirmed it’s a promise ring from her Fall Out Boy beau Pete Wentz.

“It just means that he hasn’t asked my dad yet…” she explained on Fuse TV’s The Sauce while promoting her upcoming album Bittersweet World.

Simpson also set the record straight on another issue: “No, I’m not pregnant,” she declared.

Though Ashlee and Pete may not be walking down the aisle, her older sis Jessica