Back in the day (that’s a term, loosely translated, meaning before you were born), magazines such as the National Lampoon engaged in a practice commonly known as lampooning, sometimes so much so that these lampooners would produce and publish an entire spoof of another news publication. Tony Hendra, who once worked at the Lampoon, masterminded the new buzzed-about parody newspaper My Wall Street Journal (see it online now or later!) that hit the streets Tuesday (though some reports had it surfacing earlier, according to the New York Times, still for the moment an actual newspaper source of record). I spoke with satirist Jeff Kreisler, one of three executive editors on the 24-page paper, which blends elements of Rupert Murdoch’s tabloidy tabloid of daily tabloids, the New York Post, with his new acquisition, the Wall Street Journal. Is it also a play on Murdoch’s other big get, MySpace? You’ll just have to watch the video and find out as Kreisler flips the pages with us from a hotel lounge in the Meatpacking District of Manhattan (does the lounge’s electronic music soundtrack enhance or distract from the comedy? we embed, you decide!):

Buy it on Amazon.com with a click!

Related: Comedy blogging friend Todd Jackson from Dead-Frog served as one of several consultants, and here is his brief report.

Furthermore: Kreisler brings his Comedy Against Evil tour to the Purple Onion next weekend, April 25-26.

After the jump, a bonus video in which comedian Tom Shillue gives me and Kreisler advice on where to shoot our interview, with an unexpected guest appearance by Todd Barry!