Attention, teenage girls! Did you make your Flipbook on Flip.com yet? No? You say you don't even know what a Flipbook is? Yeah. Us neither. And apparently the suits inside Conde Nast are having trouble figuring out why they spent millions, and years, on this lame website! A source at 4 Times Square tells us that execs were recently overheard "seeming bummed about the big money investment not paying off." The source adds: "How could that site cost millions? That seems really crazy." Crazy, indeed. But maybe not to our good friend Doctor72.

Earlier: Meet Your New Friend Flip