The Presidential debate is going on right now and people are most certainly tweeting their feelings about the candidates.  Well, twitter’s servers are so hammered that they can’t keep up with demand.  Twitter.com is not responding as of this writing, but I hope that phone updates are working.

Last week while there was a financial collapse, a few of the Silicon Valley’s tech elite were partying in Cyprus.  While there, the group now known as the ‘Cyprus 20’ lip synched this video to Journey’s “Don’t Stop Believing.”  Some would argue that they should have been singing, “it’s the end of the world as we know it, and I feel fine.”

There’s all kinds of outrage because of the timing of this video considering that last week there were layoffs at eBay and Google’s stock tanked.  And you know, the Dow cratered.  People are already claiming that this video will forever mark the the beginning of the end for Web 2.0.

The ‘Cyprus 20’ crew tried to ‘undo’ the video at Vimeo but it is now on YouTube and finally got the video removed from YouTube.  Below is a remix of the video to the tune of AC/DC’s “Highway to Hell.” It’s back, here is the original video via Valleywag.

Either way, the ‘Cyprus 20’ lip synch was nowhere as sweet as this one from the folks that work at Vimeo.

Tonight at the House of Shields, the crappy bar across the street from the Sheraton Palace Hotel on New Montgomery, there will be a tech pitch competition.  You cannot use a powerpoint: it’s just you, a microphone, a sharpie, and a blank flip pad.  The absolute worst pitch will win $50 and the plastic Calcanis Trophy.  It definitely should be good for a laugh.