Yes, it's the IgNobel Awards for 2009!
Let's take a look at a couple of the more amusing ones:
PEACE PRIZE: Stephan Bolliger, Steffen Ross, Lars Oesterhelweg, Michael Thali and Beat Kneubuehl of the University of Bern, Switzerland, for determining -- by experiment -- whether it is better to be smashed over the head with a full bottle of beer or with an empty bottle.
REFERENCE: "Are Full or Empty Beer Bottles Sturdier and Does Their Fracture-Threshold Suffice to Break the Human Skull?" Stephan A. Bolliger, Steffen Ross, Lars Oesterhelweg, Michael J. Thali and Beat P. Kneubuehl, Journal of Forensic and Legal Medicine, vol. 16, no. 3, April 2009, pp. 138-42. DOI:10.1016/j.jflm.2008.07.013.
WHO ATTENDED THE CEREMONY: Stephan Bolliger
ECONOMICS PRIZE: The directors, executives, and auditors of four Icelandic banks -- Kaupthing Bank, Landsbanki, Glitnir Bank, and Central Bank of Iceland -- for demonstrating that tiny banks can be rapidly transformed into huge banks, and vice versa -- and for demonstrating that similar things can be done to an entire national economy.
CHEMISTRY PRIZE: Javier Morales, Miguel ApÃ¡tiga, and Victor M. CastaÃ±o of Universidad Nacional AutÃ³noma de MÃ©xico, for creating diamonds from liquid -- specifically from tequila.
REFERENCE: "Growth of Diamond Films from Tequila," Javier Morales, Miguel Apatiga and Victor M. Castano, 2008, arXiv:0806.1485.
WHO ATTENDED THE CEREMONY: Javier Morales and Miguel ApÃ¡tiga
BIOLOGY PRIZE: Fumiaki Taguchi, Song Guofu, and Zhang Guanglei of Kitasato University Graduate School of Medical Sciences in Sagamihara, Japan, for demonstrating that kitchen refuse can be reduced more than 90% in mass by using bacteria extracted from the feces of giant pandas.
REFERENCE: "Microbial Treatment of Kitchen Refuse With Enzyme-Producing Thermophilic Bacteria From Giant Panda Feces," Fumiaki Taguchia, Song Guofua, and Zhang Guanglei, Seibutsu-kogaku Kaishi, vol. 79, no 12, 2001, pp. 463-9. [and abstracted in Journal of Bioscience and Bioengineering, vol. 92, no. 6, 2001, p. 602.]
REFERENCE: "Microbial Treatment of Food-Production Waste with Thermopile Enzyme-Producing Bacterial Flora from a Giant Panda" [in Japanese], Fumiaki Taguchi, Song Guofu, Yasunori Sugai, Hiroyasu Kudo and Akira Koikeda, Journal of the Japan Society of Waste Management Experts, vol. 14, no. 2, 2003, pp. , 76-82.
WHO ATTENDED THE CEREMONY: Fumiaki Taguchi
Some nice coverage in the Daily Mail.