VentureBeat blogger Eric Eldon, who lives in the hipster San Francisco neighborhood of the Lower Haight and rides a hipster bicycle to other hipster neighborhoods and wears hipster glasses and has a hipster job and is generally in denial about being a hipster, criticized hipsters and their cowboy-boot affectations, just in time for them all to pack up their cowboy boots and fly to Austin for SXSW.

Facebook platform manager Dave Morin, who lives in the San Francisco hipster neighborhood of North Beach and is in such denial about being a hipster he doesn't even realize he should be in denial about being a hipster, packed up his cowboy boots and flew to Austin for SXSW.

Cutie-pie CBS Internet correspondent Natali Del Conte got stalked in Texas by Luke Wilson and Paul Rudd.

Chris Lehmann, better known as Mr. Wonkette Emerita, grokked a fundamental truth about Del Conte and Morin's destination. (Psst, Chris: SXSW has hotels, a complete lack of boot-ruining playa dust, and better food. But other than that, you're on to something there.)

Hipster-mongering Details editor Daniel Peres doesn't read Gawker unless told to, Columbia J-school student James Sims, who we suspect is himself a hipster, wrily noted.

See something worth noting on Twitter? Please email us your favorite tweets — or send us more Twitter usernames.

She has participated in many a lip-dub video herself, including one with Julia Allison, the New York party attendee who parlayed a career of writing about nothing for magazines to appearing on the cover of magazines for doing nothing. Allison is not mentioned in her piece, but she is surely present within it; Zuckerberg mentions "Flagpole Sitta," a lip dub performed by the employees of Connected Ventures, the ex-startup of Allison's ex-boyfriend Jakob Lodwick.

Allison dispatched, Zuckerberg moves to targets closer to home, taking on the Camp Cyprus 20, the Internet 20somethings who filmed themselves singing along to "Don't Stop Believin'" at a seaside vacation home in Cyprus right as Wall Street imploded. What she does not mention: That the first person we see in the video is her Facebook coworker Dave Morin; Facebook engineers and designers appear later. Zuckerberg slams them all equally: "You hate them for having so much fun — damn that unbridled, financially secure joy!"

Next target: Revision3, the San Francisco online-video startup best known for recording Diggnation, a podcast by Digg founder Kevin Rose. "They probably won't be recording any more lip dubs any time soon, we hear they laid off a third of their staff this week," Zuckerberg writes. Ouch! She could have added that after reading her article, Revision3 also won't be lending out its production facilities for any more of Zuckerberg's music videos, as it did for "Dontcha," a spoof about the iPhone.

Ah, the smell of burnt bridges. Zuckerberg, in person, comes across as shy and self-effacing. The only hint of bile I ever detected was in a previous video, "Valleyfreude," where she mocks Friendster, an also-ran social network crushed by Facebook, and scoffs at Yahoo for offering Facebook a mere $1 billion in an acquisition offer her brother turned down.

But Randi Zuckerberg has always had her eyes on a bigger stage than the Valley. Even her job at Facebook, running the site's election-related features, has been helpful in this regard, landing her on ABC and other news broadcasts to talk about online get-out-the-vote efforts. Now she's moonlighting for Tina Brown, in the hopes of getting her hooks into New York media circles.

The Daily Beast, an unwieldy, overstaffed website, is an unlikely candidate to emerge from next year's economic wreckage. But that won't matter to Zuckerberg: She's already perfected the art of stepping over those she can safely discard. Watch out, Facebookers: Do you think she'll forget how you made her take "Valleyfreude" offline?

A feed of your friends' Twitter messages publicly lists all all messages, whether or not they're "protected." (Twitter users can choose to protect their messages so only designated "friends" can see them.)

I decided to test the bug on some folks for whom privacy might be a fresh concern — two ringleaders of the infamous "Camp Cyprus" video, Facebook product manager Dave Morin, and Wall Street Journal reporter Jessica Vascellaro. Both participated in a seaside frolic in Cyprus with several other Internet-employed individuals, which has become a symbol of Web 2.0 excess. Vascellaro made her Twitter messages private after she got back from her Cyprus vacation, after rather indiscreetly Twittering several updates about the progress of the video.

Sure enough, Morin's feed of messages from Twitter friends contains a private message broadcasted by Vascellaro only to her designated friends. Fortunately, it's just a notice that she's "in need of Halloween costume ideas," rather than an update about a story she's filing for the paper.

To see anyone else's private, friends-only messages, pick one of the user's friends, and then substitute their user name in this URL:

http://twitter.com/statuses/friends/[USERNAME].xml

Here's a question: Will this bug get fixed more quickly, now that it's been shown to involve a Facebook employee and a Wall Street Journal reporter? Twitter what you think, or leave it in the comments.

Can you imagine, kids in their twenties having a good time? This must end! Didn't they get Sequoia's memo? Morin, Facebook's official speaker-to-geeks, turned 28 and rented a downtown art gallery Tuesday night to celebrate. After I tracked down Morin, I gave him a salami I'd picked up at VC firm Alsop Louie's party earlier that night. (It was a heartfelt regifting.) Besides Morin, I identified several other members of Camp Cyprus:

• Brittany Bohnet, Morin's steady Googler girlfriend and the other half of the Internet's cutest couple
• "Professor" Meagan Marks, known on Valleywag for her ancient-history stint as a recruiter (she's now working as a program manager)
• Joe Green, famous for his Causes application, infamous for his squarecut swim trunks
• Jessica Bigarel, a graphic designer at Apple
• Scott Marlette, the coder behind Facebook Photos

With Morin, that's almost a third of Camp Cyprus. (Sadly, Wall Street Journal Jessica Vascellaro wasn't there.) You'd think they'd be enough to bring down the Internet, but no.

I caught a brief glimpse of soon-to-depart Facebook founder Dustin Moskovitz, but didn't get to say hello — he left early, which just confirms his reputation as being not much of a party animal.

Things got a tad more surreal when MC Hammer showed up. When I left the party, the former rap star was chatting up angel investor Ron Conway, who has, yes, invested in the Hammer's inevitable startup.

Digg's Matt Van Horn plots with Keith Rabois, Slide's evil-genius mastermind.

Ron Conway invests in a glass of wine.

Working for Comcast sounds pretty good to Plaxo's Joseph Smarr and John McCrea right now.

Really. MC Hammer was there. At Dave Morin's birthday party.

Sam Lessin, in public, is a privacy freak; privacy is the sales pitch for his staggeringly unpopular blogging and file-sharing startup, Drop.io. But he invited a bunch of known oversharers — Facebookers Dave Morin and Meagan Marks, Google Maps marketer Brittany Bohnet, and the like — to his dad's vacation home, permitted the filming of the video, and starred in it himself. I doubt he cared very much that it became an Internet sensation.

No, I suspect that this takedown had little to do with Web 2.0, and everything to do with Wall Street. Even before the mortgage bubble popped, launching the credit crisis, being showy with wealth just wasn't done in the circles Bob Lessin circulates in. Showing off your dad's sweet pad only seems like a good idea if you're a Harvard legacy in your early 20s.

So is this the end of Web 2.0? Depends on what you mean by "Web 2.0." No one can quite agree. User-generated content? It's cheaper than the professionally generated kind; in recessionary times, it seems like it's here to stay. Likewise the fad for creating programmable interfaces for websites; getting coders to volunteer their time to make your product better sure sounds better than hiring them.

No, the real test is whether this millennial generation will continue posting videos when they don't have splashy trips to celebrate. Will they continue updating friends with every change in their status, when the news isn't that they've gotten hired, launched a company, bought something expensive?

When their buddies can't find work, when their startups run out of money, when they start leaving town en masse, what will they do? Promise to stay Facebook friends?

And now I know why I got an out-of-office message from her when I complained about her nicking not one but two of my recent stories on Facebook for a Journal article! But I would have been more impressed with Vascellaro's honesty if she had said that she was going to Cyprus with "sources" rather than, as she Twittered, "buddies."

Catch Vascellaro's cameo in Bohnet's latest video:

Cyprus Lip Dub - Don't Stop Believing from Brittany Bohnet on Vimeo.

(Photo by Sam Lessin)

Anyway, Zuck starts gushing about how great it is Facebook now has 100 million users. I'm thinking, "Yeah, great, we're buying unlimited photo storage for 100 million freeloaders. Have you ever done the bandwidth bill on that, kid?" But he won't shut up. I close my eyes, breathe, put on my happy face, and reply, "Yes, Mark, that's an amazing milestone. We really should celebrate it appropriately. What do you think of Joe putting on a wine-and-cheese reception this evening, like he used to do for me at Google?"

Zuckerberg's face darkens. "No!" he shouts like a toddler. "We're doing a toga party!"

My smile stays pasted on. I calculate the risks.

"Of course, Mark! This is your company. I understand how important the culture is."

I get on the phone to Joe Desimone and tell him — surprise! — we're throwing a party. He can cater for 500 on no notice, right? Mark leads his children's crusade out to the park. I stay behind to rework the Q3 spreadsheets. After he's done cheering them with a megaphone about how they're changing the world, they head straight to the cafeteria building. There's a keg of beer there. No, there are three kegs. No, five.

I can't dodge them anymore, so I walk in and survey the roomful of kids in bedsheets that came from God knows where. They're all 23. They're all dating each other. They're all hopped up on beer and Red Bull that our shareholders paid for. Suddenly, I feel claustrophobic. I can't face these brats. I glide to the bathroom, lock the door, and do the deep-breathing exercises my yoga master Kellison taught me. I steel myself and walk back out. Next thing I know, that joker Dave Morin is wrapping me in a toga. At last, I laugh, while making mental notes about which of these overrated twentysomethings I'm going to fire, in which order.

The number is higher by 10 million than the 90 million figure cited in the copy of an ad appearing in feeds for, yes, Facebook's advertising program.

Zuckerberg's profile also lets us know that his interests include "eliminating desire for all that really doesn't matter." I'm guessing he heard that at the ashram. Meanwhile, the site reminds me that sixteen of my friends have installed the Facebook application for the iPhone. So don't worry, advertisers: The site may not have it's numbers quite straight, but you can rest assured that Zuckerberg's quasi-spiritual minimalism fetish won't make him stop you from cluttering our lives with appeals to our insecurities.

Morin's trip east began wide-eyed enough.

But soon after Morin landed…

…he fell prey to one of New York's busiest bodies.

Soon, New York began to take its effects on Morin, driving him to chemical cravings.

Not long after, Morin found himself trapped in the lair of one of New York's most powerful financiers. Would he sell out on Facebook, Bohnet, San Francisco and all that he holds dear?

He would, declaring this strange land and its sweet ambrosia "ftw." (That's "for the win," a term of praise.)

But Morin flew back home as if it never happened. On a $149 helicopter ride to JFK. And they say Facebook's hitting hard times?

AllThingsD's Kara Swisher also showed up with her Googler spouse, Megan Smith. "We're dressed as lesbians," said Swisher. (How was one supposed to tell the difference? Oh, right — usually Swisher's dressed like a soccer mom.)

Somewhere in the confusion, the event's producer thrust a ticket in my hand, and I walked into the screening. No sign of Marissa, though, who I'd heard was wearing a Pucci dress. Before I could spot her, the producer walked up the aisle to my seat. "Owen?" he asked? Yep, that's right — eighty-sixed again. I spotted Orkut Buyukkokten, Marissa's best gay friend, on my way out. Not that I minded getting booted, really — I hear the movie's not all that great. I was more interested in the trailer I saw for Mamma Mia — hey, Marissa, can you throw a screening for that, and invite me?

I'll leave you with one last pic of the moviegoers:

Facebook evangelist Dave Morin touts the ability to take one's real identity from Facebook to other websites. And indeed, that's one reason why I mocked MySpace's move; its users' pseudonymous logins have no particular value as sources of identity.

But do I really want to interconnect all my online identities? That's the premise of the "data portability" movement — that we really want nothing more than to take our friends with us from one website to another. And yet I'm content to segregate, say, the work acquaintances I have on LinkedIn from the more personal relationships I track on Facebook. Would Valleywag's commenters want to have their real names attached to their accounts? Some are happy to, while for others, that's a deal-breaker — and the site would be the lesser if it lost them.

Mark Zuckerberg's original, brilliant insight — to connect Facebook's identities to real names, schools, and workplaces — is its advantage over rival social networks like Bebo and MySpace. But I'm not sure I want a Web with non anonymity. Morin and others will hasten to note Facebook's privacy options — but surely they realize that when others give up their anonymity, there will be peer pressure for most to do so.

Real identity has value, say, when conducting commerce, which is why it's laughable that eBay partnered with MySpace and not Facebook — just another sign of that company's clueless technological leadership. But anonymity has its benefits. Facebook Connect threatens the anonymous Web. For that reason, I can't wish Facebook Connect anything more than partial success.