On "Red Eye' (weekdays, 3AM ET on Fox News), the crew had some fun with the new promos for the upcoming CNN show 'Parker Spitzer.'

In the promo, disgraced former New York governor Eliot Spitzer (who was involved in a prostitution scandal) and columnist Kathleen Parker discuss what the show should be called, finally settling on 'Parker Spitzer.'

"The show sounds like a euphemism," Bill Schultz joked. "'Oh man, why you limping? 'I just got Parker Spitzered last night ... cost me a whole week's salary, but it was worth it."

"You hear about Parker Spitzer on a website from Germany," host Greg Gutfeld added.

Then Gutfeld asked comedian Greg Proops if he thought the show would be a success.

"We're we supposed to see that, or was that found footage that they weren't supposed to show the public?" Proops, who clearly doesn't think the show will be a success, wondered

Last night's episode of The Colbert Report, the heavily promoted "shred-off" between Stephen Colbert and The Decemberists' guitarist Chris Funk, was an amazing way to wrap up the show's 2006 run. It was a star-studded affair and, although I was a little disappointed in Colbert (read on and you'll see why), I quite enjoyed it. By the way, did anyone else expect the actual "shred-off" to be a few rounds of Guitar Hero?