In New York, anyone opening a pizza parlor slaps “world’s famous” on the marquee, so I guess amateur magicians are entitled to tout their You-Tubed card tricks as the “world’s greatest” as well. Yesterday The Daily Reel posted as our Coffee Break “The Best Card Trick in the World,” a clip by Ultradeepbase that has been viewed a truly astonishing 2,050,078 times on YouTube.

Is the second dotcom bubble already about to burst and shake out the slackers? Just as corporations and web entrepreneurs are setting out to conquer the world wide web and make millions on the MySpace generation, the Internet is proving to be just as elusive and cutthroat as it was six years ago.. 

Grade: A

What it is: A cooking program of about 8 minutes in which an avowed Hong Kong foodie named Wilson who offers instruction on making seemingly exotic dishes. The show is narrated in Cantonese with English subtitles for ingredients and with recipe amounts in English in the show notes.

So, for the past 6 months I've been working on launching a new user- generated content (UGC) site for NBC/Universal -- It's Your Show (the site will launch August 31). Our theory is, "You’re making online vids already, why not get paid?" And hell, maybe u r the next Kevin Smith? Or even Lucas? 

Is free suddenly legal? In a development that could have huge implications in the entertainment world (not to mention file-sharing communities), Universal has announced that it will be offering its music catalog free-of-charge through the unfortunately-named company SpiralFrog.