Will Ferrell

After weeks of threatening, Will Ferrell finally shaved Conan O’Brien’s beard off during his show.

”There is nothing else going on in this country other than the fervor to shave that beard,” Ferrell joked.

“I turned on the television last night to see if people were talking about it…There were people celebrating at the White House. There were people celebrating in Times Square. Chanting ‘U.S.A.! Shave the beard!’”

Prior to the shaving, Conan O’Brien tweeted:

“Yesterday, we took care of one maniac with a beard. Today, Will Ferrell will take care of another. #Beardpocalypse,"

After Ferrell’s work, Conan had a professional clean his beard up doing the commercial break.

The scruff was nice, but we like clean shaven Coco, too.

 Image by wenn.com

When you think of Will Ferrell you think 'funny guy' right? Well the studios don't think his bad streak of movies is a laughing matter.

He was just named the Most Overpaid Actor in Hollywood by Forbes magazine. That can't be good for his rep.

Who else made the list? Couch jumping Tom, Oscar winner Denzel and one leading lady. Check out the list below...

Will Ferrell: Funny man Will Ferrell gets $15 million a movie, but the studios that pay him barely break even. And sometimes they don't even do that! Last year Will stared in Land of the Lost, which cost an estimated $100 million to make and earned only $69 million. Basically for every $1 Will made, the studio only made $3.35. That's no bueno! And we hear he's a major diva on set too!

Eddie Murphy: Two words: Meet Dave. Enough said!

Denzel Washington: Sure he's an Oscar winner, but for some reason people just aren't flocking to the theaters to watch Denzel's movies. He's giving the studio $5.10 for every dollar he makes.

Seth Rogen: He may be hilarious, but the studios aren't laughing about how much return they're getting with Seth. His latest The Judd Apatow-produced film Funny People cost $75 million to make and earned only $71 million at the box office. For every $1 Rogen was paid, his movies earned $6.75.

Tom Cruise: He used to be the biggest movie star on the planet, and then he jumped on Oprah's couch. For every $1 Cruise is paid, his films earned an average $7.20.

Drew Barrymore: Who doesn't love Drew? She's made a few bad choices lately, but overall, Drew's lovely on screen! I'd pay to watch her for two hours. For every $1 Barrymore was paid, her films earned an average $7.45.

Matt Damon: Popeater said it best when they said, "When Matt Damon does a Jason Bourne movie, he's worth every penny. Every other time? Not so much." For every $1 Damon gets paid, his films earn an average $8.30.

Vince Vaughn: Despite the fact that Vince is on this list, you just can't go wrong with him. He's hilarious, and you know you love watching him! For every $1 Vaughn was paid, his films earned $8.35.

Adam Sandler: Adam hit it big with Grown Ups but Funny People ruined his average. For every $1 Sandler was paid, his films earned an average $8.45.

Jim Carrey: The Number 23 and Fun With Dick and Jane are two movies Jim probably wishes he never made. They totally ruined his game! For every $1 Carrey was paid, his films earned $8.60.

Being on a Forbes is usually really flattering, but Will Ferrell got the short end of the stick when he was named the most overpaid star by the magazine.

The magazine calculated how much studio bosses earn per dollar paid to the actor, and clearly, they're overpaying Will.

After Will's last few movies bombed at the box office, his rate of return dropped to $3.29 for every dollar he requested as his fee.

While Will was named the most overpaid star, actor Shia LaBeouf was named the "Best Actor for the Buck" making studio's $160 for every dollar he was paid.

Forbes magazine's top ten Most Overpaid Stars:

1. Will Ferrell
2. Ewan McGregor
3. Billy Bob Thornton
4. Eddie Murphy
5. Ice Cube
6. Tom Cruise
7. Drew Barrymore
8. Leonardo DiCaprio
9. Samuel L. Jackson
10. Jim Carrey

We’ve been talking about the possibility of an Anchorman sequel for over a year now. Rumors have been circling ever since director Adam McKay, who is also a good friend of Will Ferrell’s, said they both want to do it. Them and the rest of the world!

Well, now it’s closer to becoming a reality. According to the Associated Press, Will is desperate to do a follow-up to the original. He’s been in talks to bring back his character for the sequel.

He said recently, "The odds are good. We're going to talk to all the guys next week - Steve Carrell, Paul Rudd and everybody else - to see if it's feasible to do it, because everybody's at different places right now, with totally different schedules.”

"Hopefully we can start filming in a couple of years."

We don’t like the part about “a couple of years,” but beggers can’t be choosers! Hopefully the whole cast will reunite for this one, and it’ll be worth the wait.