VIDEO: Will Ferrell & John C. Reilly Reenact "Peace on Earth" & "Little Drummer Boy"

The famous video of Bing Crobsy and David Bowie singing the 1977 medley of "Peace on Earth" and "Little Drummer Boy" has been given a makeover — by Will Ferrell and John C. Reilly.

OK! GALLERY: WILL FERRELL'S WINTER WONDERLAND SUPPORTS CHARITY

In an almost exact recreation, Will and John hold it together right until the very end in this new FunnyOrDie video!

Compare it to the original below!

OK! GALLERY: EVA MENDES STILL FINDS WILL FERRELL FUNNY IN SPAIN

And has PopEater pointed out, Jason Segel and Jack Black just recently made their own animated version of the same song for CollegeHumor!

Which "Little Drummer" remake do you like best?