Taylor Swift blinked first ... giving Nicki Minaj a full-on apology in an attempt to squash their Twitter war. There's hope for world peace, after all.
Taylor tried to dismiss the whole mess, saying ... "I thought I was being called out. I missed the point, I misunderstood, then misspoke."
Swift took the high road, and seemed to accept Nicki's explanation that her initial Twitter rant about a VMAs snub was not an attack on Taylor, although she never explained who she WAS targeting.
Anyway, Nicki thanked Taylor for the apology and now everyone can play nice.