Comedians Cut a Rug at Comedy Awards

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Comedy Central and MTV Networks honored the funniest actors, directors, writers and stand-up comedians last night at the first annual Comedy Awards at the Hammerstein Ballroom in NYC.

Guest such as Jon Cryer and Chloë Moretz were in attendance and the many funny men and women met the event with appreciation and comedic undertones.

"It's very nice of Comedy Central to do this,” Jon Stewart said. "Not a lot of people throw a party for just comedians."

Will Ferrell gave his take on how to compare this night to other awards shows on the red carpet. "I think they’re happy with settling for the ACE Cable Awards of comedy," the funnyman quipped. "If they get that, they can build up to being the Oscars of comedy."

Also on hand was Tracy Morgan, who gave his take on comedy and its limits. "Really funny people don't have boundaries," the "30 Rock" star commented. "If you have boundaries, to me, you're not funny."

While on the subject of no boundaries, Stephen Colbert spoke on the notion of limits in regards to George Lopez’s assault on Kirstie Alley. "That's not nice, that's not nice at all," Colbert stated. "He shouldn't do that. She's a lady."

Click the video to see more from what will be comedy's biggest night when the 1st Annual Comedy Awards airs on Comedy Central April 10 at 9pm/8 central.