Fan Fare

“New Moon” star Taylor Lautner and “Fearless” singer Taylor Swift are no longer on a first name basis — for the celebrity media that is. The two Taylors set the media world looking for a new couple nickname when they shared some dates this fall, with the mathematical Tay-Squared coming out as the preferred tag for the young romantics.

But Us and People magazines reported on Tuesday that the couple is no longer an item. “It wasn’t really developing into anything, and wasn’t going to, so they decided they were better as friends,” a source close to Swift told Us magazine.

The source added, “There was no chemistry.”

The pair met on the set of the upcoming romantic comedy “Valentine’s Day,” (hope there was some chemistry there??)  and their real world dates were caught by paparazzi photographers – prompting questions from reporters but few details from the stars themselves.  Lautner, a rising young actor who played a werewolf in “New Moon,” is only 17 and Swift, the top selling music artist of 2008, is a young 20. So there’s always time for youth’s fitful passions to work their magic on the two Taylors and bring them back together.

But based on their past trip to a hockey game and out for dinner in Beverly Hills, don’t expect any kind of scandalous, drunken outing for the two young stars.

Maybe a Valentine’s Day coffee klatch in time for the “Valentine’s Day” movie premiere? Sounds like a date.