TBS has offered Conan O'Brien a deal that's so sweet, you could pour it over pancakes.

No one, however, is closer to achieving a full-on joygasm than 'Lopez Tonight' host George Lopez. He should. He's going to have an awesome lead-in audience, worldwide attention, and a better chance of beating the late night bigwigs than he could ever hope for if he was on his own.

So why should he not go "muy loco" or any other ethnically charged verb for sharing a late night block with "Coco"?

Well, if you asked Elizabeth Guider of The Hollywood Reporter, Lopez has more reasons to worry than Boy George at a Klan rally. She wrote an editorial about the deal that called for everything but an electro-shock sanity test for Lopez.

"Lopez went on to say that now everyone can go from 'I'm with Coco' to 'Everybody can go LoCo,' presumably in watching the back-to-back 'next generation of late-night stars' on TBS," Guider wrote. "After the twists and turns of the Leno-O'Brien saga, it's hard not to be suspicious that a deal to secure O'Brien and displace Lopez could have been worked out so smoothly."

Things can change at the drop of a remote in this game, and no grounds are more contentious or competitive than the cutthroat world of late night monarchies. But TBS is a different beast altogether.

First of all, other than 'The Daily Show,' 'The Colbert Report' and the 'Adult Swim' block, there isn't much of a late night war going on at the moment on basic cable. 'Lopez Tonight' is really the first serious contender on cable for a late night audience, and having Conan in his corner can only help him.

TBS also has a relatively loose roster of original shows and room to move things around if ratings going south. Their highest rated fare includes reruns of popular favorites like 'Family Guy,' and people will watch them whenever they air, thanks to the divine magic of TiVo and DVRs.

Late night shows are also relatively cheap to produce, as long as they aren't interrupting your primetime show blocks the way that 'The Jay Leno Show' did when it moved to 10PM. Lopez has built a sizable audience for a network in such hallowed territory and TBS has no reason to kick one out for another. Plus, both Conan and George's shows will have plenty of help from the audience spillover that comes from 'Family Guy's' regular audiences.

Most importantly, it's a better deal for both of them. Conan's new deal frees him from any restrictions that NBC placed on him when he had to soften his show for a new audience, and he actually owns his show. So whatever comedy madness his ginger head can concoct is fair game. Plus, Lopez's audience is more suited to a midnight show, according to Conan's manager Gavin Polone. That's on top of the bleed-over from Conan's show.

So put away the shock collar and the mouth guard, stop starching that straight jacket, and flush Lopez's Thorazine prescription down the toilet. Lopez's reaction isn't delusional. It's pure, natural euphoria.