If you're anything like us, you were drinking and dancing till the wee hours last night, celebrating the announcement of this year's National Magazine Award finalists. Such excitement! Such drama! Such drug-addled nightmares of being stampeded by a herd of bronze elephants! In the sober light of morning, finally, there's a chance to ponder some of the great metaphysical questions raised by yesterday's announcement:

For years now, Entertainment Weekly has been throwing New York's big fancy Oscar-night party for big fancy Oscar-night people. It's at Elaine's, of course, and it attracts old-Hollywood types who aren't old-Hollywood enough actually be in Hollywood. (Last year, at its 11th annual shindig, the mag boasted of attendees Joan Collins, Liza Minnelli, and Tony Danza.)
But now the newly upstart New York magazine, as part of what seems to be editor Adam Moss's plan to colonize as much of the celebrimedia world as possible, is throwing a rival party.