Tough times, frivolous junkets: That's the modus operandi of Jason Calacanis, the grandiloquent emailer-in-chief of Mahalo, the Internet's most overfunded Web directory. He and butler/assistant/videographer Tyler Crowley posed for a picture while on a trip to Japan taken shortly after he promised to curtail his travel schedule while laying off Mahalo staff. Can you think of a better caption? Leave it in the comments. The best one will become the post's new headline. Friday's winner: m0nty.au, for "Eric Schmidt's 20 percent time project."
(Photo by namekawa; used by permission)

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