Taek Jho Low, a 20-something Wharton grad has been making headlines as big-spender who drops hundreds of thousands at New York's clubs and flies starlets to Vegas. But sources now say he is a surrogate for someone more secretive.

Sarah Palin has bestowed the immeasurable honor of Going Rogue's first read to the Associated Press. (Greta van Susteren cried into her pillow, we hear.) Between that and a handful of leaks, here are the juiciest tidbits and omissions. (Updated)

CBS News has a new strategy for maximizing video virality: Slow-motion replays of their news reporters' most humiliating moments.

Take that, new media. Let's see Arianna Huffington issue a retraction as awesome as sports columnist Rick Morrissey chewing up and literally eating the shredded remains of an old article.

You know about how Jon Stewart caught Sean Hannity lying, basically, about the size of a conservative rally on his show? And how Sean Hannity apologized? On his daily program tonight, Stewart made fun of this, and it was funny.

Ha: the Christian Science Monitor has a funny headline: "Irish Priest Kidnapped in Philippines released by MILF" (Moro Islamic Liberation Front). ROFLMAO, until you learn that the MILF is a violent paramilitary group which sometimes beheads people. WTF.

Looks like Letterman's blackmailer has set a ridiculous precedent for criminals: Claim that the evidence against you is nothing but a work of art! This guy's attorneys say his very threatening and unlyrical note was actually "rap lyrics".

How do you annoy the maximum number of Liberal blogs with minimal effort? If you're Fox News, all you have to do is shut down the YouTube channel that supplies them with infuriating O'Reilly Factor clips. They did this today!

It was last February that this season's final runway competition took place. So the show's editors have had nine full months to gestate and give birth the two-part final that begins tonight. Will it be a boy or a girl?

Katie Couric made a list of the "most powerful" people in media for Forbes and they're all... Jews. Kidding, only six of 11 are Jews. The real power belongs to computer nerds. Couric mentioned zero old media people.

[A curator directs the display in London today for the Royal College of Art Secret Postcard Exhibit, which is selling postcard-sized work by famous artists, whose identities won't be revealed until the sale is complete. Image via Getty]

If Althea, Carol Hannah, or Irina have ever seen a season of Runway before, they should know that the producers always pull something like this. If the twist is just that they have to make one more outfit, they should be more than ready for such a curveball. We would like to hope that they have to construct the whole thing out of dried cactus flowers, construction paper, and the gray hair from Tim Gunn's brush and it has to be inspired by the Anime classic Akira, but that would be way too inventive for this year. They'll probably just get more money to go spend at the fabric store and make whatever the hell they want.

• The team behind Coffee Shop in Union Square is taking over the iconic Empire Diner in Chelsea. A name change and revamped menu will follow. [CN]
• Team Momofuku is now serving lunch at their new Midtown location. [ML]
• A chat with Danny Abrams, who just opened his new Mermaid outpost. [VV]
• Michael Psilakis is planning a pop-up food cart in the meatpacking district. The food will be free and it's all part of a promo campaign by Ketel One. [TONY]
• Troubling news for those who love rating raw oysters year-round. [NYT]
• Gwyneth Paltrow's famous friends list their most memorable means. [GOOP]
• A roundup of food-related events taking place this weekend. [SE]

The news keeps getting better and better for NBC's Jay Leno experiment. Not only are Jay's own ratings falling to unimaginable low depths, sinking affiliates' news shows, but now the bottom is falling out on the rest of the line-up.

It would seem Google failed to effectively use its flagship service before rolling out its much-ballyhooed new programming language "Go:" Another language already had that name, and a significant profile on Google's own servers.

What are you watching tonight? Let us know in the comments.

Erin Lucas didn't return to The City for a second season, sadly. But just because she isn't playing Whitney Port's best bud on MTV on Tuesday nights doesn't mean she's been sitting around twiddling her thumbs. Louis Vuitton debuted its new ready-to-wear boutique and 2010 cruise collection at Saks Fifth Avenue on Tuesday, an event that turned the store's third floor into a lush indoor garden. It was amid the flora and fauna that party correspondent Douglas Marshall caught up with the TV starlet to chat about what she's up to now, what she's got coming up, and her former castmates from The City.

[Can Mariah Carey see through her retro glasses that she is giving an old man the "Hey! Hey!" when leaving her hotel in London today? Image via INF]

You know what you don't see so much any more? These. [Copyranter]

Facebook and MySpace might finally pay the price for the big social gaming scandal: At least one law firm is investigating whether to launch a class action suit on behalf of duped users.