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If you need more proof that the economic collapse is the real thing -- you know, other than your shrinking salary, skyrocketing medical insurance premiums, inability to pay off your credit cards -- here's a major sign. Oprah Winfrey's decided not to do her annual Favorite Things show for the holiday season. That's right, after seven years of largesse, The Oprah Winfrey Show has canceled the funfest of goodies.

Huffington Post has learned exclusively that Favorite Things was scrapped. It used to be a Thanksgiving week staple. The reasons are unclear, but it would seem incongruous to celebrate expensive robes, top of the line chocolates, camcorders and the like when so many people are out of work and in financial straits.