In a world of endless scrolling, a single thumbnail stopped the internet cold: white text, red background, four words that cut like a blade—“YOU CAN’T SPELL CBS WITHOUT BS.” Uploaded quietly by David Letterman, the retired king of late-night, the 20-minute video wasn’t just a nostalgic reel—it was a Molotov cocktail lobbed at CBS, America’s storied broadcast titan. Within hours, it ricocheted across platforms, sparking outrage, memes, and a blistering debate about free speech, corporate cowardice, and the soul of comedy.

The video begins innocently: grainy 2004 footage of Letterman mocking a CBS blunder—a promotional flyer featuring rival Jay Leno. “He’s not on CBS! I am on CBS!” he snaps, eyebrow arched, audience roaring. What follows is a masterclass in montage: clips from 2007, 2011, 2013, each exposing network missteps—awards snubs, budget cuts, tone-deaf synergy schemes. Letterman doesn’t narrate; the archives do the talking. By the end, Stephen Colbert’s recent cancellation feels less like a budget trim and more like the latest chapter in CBS’s saga of creative mismanagement.

Letterman’s gambit is no accident. Dropped on YouTube, the video’s 20-minute length and clickable thumbnail—“CBS = BS”—are engineered for virality. It rides the algorithm’s wave, amplified by cross-promoted clips like Colbert’s 2006 White House roast. The timing is surgical: CBS faces scrutiny over an $8 billion merger with Skydance and a $16 million Trump settlement, while Colbert’s axing—despite leading its slot—raises suspicions of political timidity. Letterman’s video doesn’t just call out a network; it taps a national nerve about trust in media.

The clip has winners and losers. Letterman’s legacy soars as late-night’s defiant elder, while Colbert gains street cred as a truth-teller kneecapped by suits. YouTube emerges as the new stage for TV’s exiles. CBS, meanwhile, scrambles—its silence only fuels the “BS” meme’s spread. Advertisers waver, regulators sniff around, and viewers wonder: if late-night dies, who fills the satire void? Social media influencers? Twitch streamers?

Letterman’s upload isn’t just a roast—it’s a blueprint. Use their footage. Pick a sticky slogan. Strike when the iron’s hot. One man, one video, and a media giant flinches. As Colbert’s final season looms and Jon Stewart’s “Daily Show” faces its own budget axe, the message is clear: comedy’s ghosts don’t fade. They haunt, they bite, and with one click, they can redefine a network’s story. Stay tuned—this stage is far from dark.