On soaps, every now and then the powers that be -- usually the head writer who's overdosed on Red Bull and jelly beans months before -- comes up with the idea of doing a special episode. They'll focus on a single character and think outside the box. Sometimes they hit the jackpot; sometimes they create a clunker. The Young and the Restless offered a very special New Year's Eve episode yesterday and it was a home run.

Headwriter Maria Arena Bell and her talented team, including Hogan Sheffer, decided to put the character of Billy Abbott under the microscope and, as it turned out, Y&R pulled off a great episode.

It wouldn't have worked nearly as well if not for the riveting performance of actor Billy Miller. He rose to the occasion and this could be an award-winner if it's submitted for the next round of Daytime Emmys. If you haven't seen it yet or it's in your DVR waiting to be viewed, be warned that there are SPOILERS ahead.

You may think the soap world has thrown in the the towel because 72-year-old Guiding Light has been canceled, but think again. Daytime TV is buzzing along as usual, and that includes The Bold & the Beautiful snagging three-time Emmy winner Rick Hearst from General Hospital.

Hearst, who was facing the prospect of a demotion to recurring status (as opposed to a contract player), will return to B&B as Whip Jones, a character he introduced and played for a brief stint in 2002.

Everyone thinks they can write. No, really. If you talk to anyone who likes TV and movies, invariably you'll hear that they have a great story. Well, some do and some don't. In the soap business, just about every kind of story has been told.

A show like Passions, which has recently come to an end, told wild tales about witches and sorcery and dwarfs and demons.

General Hospital has been firmly set in plots about mobsters in the manner of The Godfather, with Sonny Corinthos a latter day Michael Corleone.

As the World Turns, currently in its 52nd year, is rooted in traditional love stories and family conflicts, although you have to give them props for Luke and Noah, a frontline gay romance which is definitely a 21st century development.

The Daytime Emmy nominations were announced this morning on The View. My initial reaction is this: there are so many repeat nominees! This list is filled with actors who have won multiple times. Are the Daytime Emmys in a rut? I'm afraid so. This list seems very stale to me, not that many of these performers aren't worthy, but a lot of other worthy actors were completely overlooked. Again. Emmy could use an overhaul, but we'll discuss that another time.

Here are the main nominees -- and some comments -- and you can check out the complete list and a photo gallery of the Daytime Emmy nominees at AOL Television. On Friday, June 20, ABC will broadcast the awards in primetime (8-11 p.m. EST) from the Kodak Theater in Hollywood.

Outstanding Daytime Drama
General Hospital
Guiding Light
One Life to Live
The Young & the Restless

Here we have the usual suspects. Last year, Y&R and GL shared the prize. My choice would be OLTL this time around -- they had a great year and have been on the uprise. However, Y&R has a lot of actor nominations and that could mean another Emmy for the Bell show. I'd be flabbergasted if either GH or GL win. Both shows have received critical blasts this past year.