In the latest battle of the box office comedy wars, trusted institution Will Ferrell was trounced by three drunken men and a baby. What happened, exactly? And what, if anything, does it say about How We Laugh Now?

Everyone's been debating whether Joaquin Phoenix's crack-up, as evidenced on Letterman the other night, is real or a hoax. It sure looked real to the director of his last movie.

His disastrous Letterman interview brought Joaquin Phoenix's whole quitting-acting-to-become-a-bearded-rapper shtick to a dizzying climax last night. Dave played it off as legit. Others think it's all an Andy Kaufman-esque hoax. We think it's both!