It was a night off this weekend for 'Saturday Night Live,' as nearly all the funniest folks in show business, 'SNL'-related and otherwise, were trading jokes and picking up prizes at the inaugural Comedy Awards. Producing network Comedy Central expects the awards to be an annual event. The ceremony this weekend was taped for broadcast April 10.

No joke: A wealth of comedy stars crowded the red carpet in New York City, including Garry Shandling, Jon Stewart, Will Ferrell, Andy Samberg, Tracy Jordan, Stephen Colbert, Andy Richter, Kristen Schaal, and 'South Park' creators Trey Parker and Matt Stone. Jon Cryer of 'Two and Half Men' performed a musical number with backup dancers, cracking wise about the Charlie Sheen debacle.

Eddie Murphy turned up to accept the Comedy Icon award, and Bill Murray presented the first Johnny Carson Award for Comedic Excellence to David Letterman.

Tina Fey and Zach Galifianakis won awards for their movie work in 'Date Night' and 'Dinner for Schmucks,' respectively. Meanwhile, Alec Baldwin and Kristen Wiig were named best TV actor and actress.