Hot on the heels of the Litblog Co-Op’s disbandment, litbloggers decided to combine their collective malaise and stop blogging.

Bookbanger.com’s Gary Hesmith was the man who came up with the idea after experiencing peer pressure shortly after reading Remainder, which other litbloggers had gone crazy over. “I just wanted to type ‘Tom McCarthy is cool’ into Typepad, and even that sentence seemed too much time for me to commit to.”

Many litbloggers who stopped blogging had long wondered when the money would start showing up. They had remembered the magical dot com days, when cashes of money would often saunter into offices unannounced and someone would have the professional courtesy to deposit some of this into random bank accounts. These litbloggers figured that by sitting on their asses doing nothing, the dinero would arrive just in time for dinner.

But 1999 was a long time ago. And the dollar was in poor health against other currencies. So Hesmith decided that the only thing anybody could agree upon was that blogging was almost as hard as assembling a piece of IKEA furniture.

The moratorium on litblogging will remain in effect until someone gives these litbloggers money. Many of them moved into basements in Terre Haute.

“They laughed at me when I first said that,” said writer Richard Ford, who had made litbloggers very angry with remarks delivered to Motoko Rich. “But I was right the entire time.” Before I could ask Ford additional questions, he then cut the interview short, because he needed to find another talented African-American writer to spit on.