If you haven't looked at ED:LULZ in a while, now is a great time to catch up.
Done in the spirit of Ambrose Bierce's The Devil's Dictionary, Encyclopedia Dramatica's purpose is to provide a central catalog for the e-public to view parody and satire of drama, memes, e-pals and other interesting happenings on the internets. The goal is to provide comprehensive, reference-style parody, to poke fun at everyone and everything on the internet.
ED's third purpose is to catalogue Internets phenomena. In this role, it's actually a fairly good reference for dramatic events and things like memes and netspeak, provided you bear in mind the first two purposes and take what you learn with a Girlmecha-sized grain of salt.