1. Spoiled

    Diddy Gives Teen Son $360k Car

    Dan Steinberg / AP Photo

    Diddy didn't get the memo about conspicuous consumption during a recession. He threw his son Justin an absurdly lavish 16th birthday bash on Saturday at the trendy New York club M2, where Trey Songz, Fabolous, Lil' Kim, and Juelz Santana performed for Justin and about 1,000 of his friends, including Jersey Shore stars Snooki and Pauly D. And, of course, what would a 16th birthday be without an irresponsible car? Diddy surprised Justin by parking his gift, a new $360,000 Maybach complete with driver, outside the club. Because every 16-year-old needs a car that can go 155mph.

    Read it at New York Post