Remember when interns were stuck doing menial tasks that no one else wanted? Well, thanks to a shortage of engineers, now they get scavenger hunts, dodgeball tournaments, free food, and sunset cruises. [CNET]

Hip-hop mogul Damon Dash is investing in social network BlockSavvy. "After MySpace sold for $580 million, we said, damn, we gotta get us some of that." [Business 2.0]

PAUL BOUTIN — Why suffer a diet or slog through another article on "2007 Ways to Fast Forward Your Career?" SVUG has a five-minute Valley makeover you can start right now at your desk.

PAUL BOUTIN — Once your hangover wears off, January 2 is the day to start your search for the Web 2.0 bubble job that'll finally, finally make you rich. First, you'll need to reconfigure your approach. A checklist for selling out after the jump.

NICK DOUGLAS — This was not a healthy year for the language, but it was damn good for technolinguists. Words like *Camp and Web 3.0 built on the popular buzzwords of earlier years, while Wikiality and Series of Tubes mocked the silliness of the Internet. For the top ten words in tech this year:

• Celebrate the close of a hectic week by participating in the Bubble-Free Bar Crawl tonight. It starts at 5pm at the Web 2.2 conference and hits Momo's, Nova, Bacar, and Thirsty Bear before stumbling to the House of Shields at 9pm. Send an IM to heyvalleywag for to find out where the party's at right now.

When Lou Reed performed last night at the Web 2.0 Summit dinner, it felt more like "All Tomorrow's Parties" than "No Money Down" — such a sign of excess that some vets recalled an Elvis Costello performance at an Ask.com party in the first dot-com boom.

We have another Spider Jerusalem Award, the prize for the most awesinine blurbs in tech journalism. The latest Rolling Stone treats 20-something dot-com moguls like, well, rock stars. Says writer David Kushner (not the Velvet Revolver guitarist):

SF Chronicle writer Dan Fost nails his list of "The top 10 lies of Web 2.0" so straight-on, it's almost like he didn't write a heady news spread about the "Digital Utopia" this weekend.

"Are we in a bubble yet?" asked the crowd. "No," replied the analysts. "All the startups are private companies, none listed on the stock market. Only a few investors stand to lose their money."

A loyal reader-commenter, "That Chinese Broad," asks Valleywag:

The New York Times goes crazy for Peerflix today in a particularly uninsightful article, in which the bartering site's CEO brags about taking $10 million from venture capitalists.

A selection of BusinessWeek headlines from the last 12 months:

Readers sent in some great tips over the past 24 hours. Tipster #1 allays our fears that TV-listing startup MeeVee is blowing its cash on signage:

Heyyyyy, ConFonz! Valleywag's go-to man for conferences smells Oprah-style freebies at Office 2.0.

CD-swapping site LaLa used some of its nine million bucks to buy an resurrect a dead Internet radio station, WOXY. Just when you thought a site already made obsolete by Amazon, eBay, and iTunes couldn't get any more irrelevant, ya know?

Silicon Valley's answer to Gawker Stalker isn't spotting CEOs and engineers — no one leaves their offices anyway — it's spotting signs of the new tech bubble. The first sighting is a real what-the-fuck moment: the photo above shows TV guide MeeVee abusing its $20 million in funding. A reader writes in:

I first discovered inclue when its CEO wrote me asking if Google Video was for sale. Nick Gogerty had found an RSS feed including the phrase "Google Video - Video Search [is:forsale]" — which means, of course, that the feed returns videos that viewers can buy through Google Video, not that Google's dumping the whole operation.

The new tech boom is nothing like the last bubble! Honest — this time we have blogs!

A report by Valleywag's new party correspondent, Megan McCarthy