ValleyWag has compiled a hysterical introuduction to the Google product cycle which stats, inevitably on a Friday Night when "two googletards meet for Battlestar Galactica marathon on UPN but end up calculating their worth as the weekend stock price hovers around $415; after two epicurean Mike's Hard Lemonades, a message is sent to an internal developer list with an idea for (a) Google Base or (b) an old Yahoo/Microsoft product with a new AJAX interface."
Names are named and no prisoners taken.
The fact that the visible results make ValleyWag's account seem entirely plausible is, of course, the main part of the fun. But you may need a heavy TechMeme addiciton to appreciate it....