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Favreau's False Alarm

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Feb. 8 2008, Published 7:51 a.m. ET

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With the Writers Guild strike bringing most TV and film production in Hollywood to a halt for over three months, out of work actors, directors and others have been looking for even the slightest glimmer of hope that things might be looking up anytime soon. Let's just hope they weren't watching Jon Favreau on The Late Late Show With Craig Ferguson on Thursday night.

"Did you hear?" writer/director/actor Jon asked the audience, "the strike's over!" A surprised host and audience responded with a resounding roar to what appeared to be good news. But, in true Hollywood fashion, things aren't always what they seem.

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Later on in the show, host Craig Ferguson made a brief announcement to the camera, saying that Jon had perhaps spoken too soon and that the strike is not yet over. Oops.

The latest reports claim that a resolution to the drawn-out strike is near and that an agreement could be reached as early as this weekend.

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