LOL or UNLOL?

Is this cartoony thingy from the New Yorker cartoon blog funny or stupes? 

At first I thought it was fairly lolish, but on further examination started to change my mind.  There's something suspiciously SHOUTS AND MURMURS-y about it, which makes sense because it is after all the New Yorker.  And as everyone knows, SHOUTS AND MURMURS is just a bunch of scary old people men (and sometimes Steve Martin) amusing themselves and themselves only with embarassing reheated jokes about yesterday's news.  Anyway. 

Things that I like about this cartoon:

1) Amusing use of bold for emphasis

2) Amusing (to me) use of "biatch"

3) Somewhat amusing concept

 

Things that are dumb about this:

1) Sloppy/annoying/shockingly outdated use of "like, totally."  (Really, this alone can ruin anything for me.) 

2) You cannot actually "fill in the letters in the top row to spell the name MICHELINA" or any other name.

 

By the way, LOL or UNLOL is going to be a new feature here.  I will take votes in the comments, but of course, like Judge Judy, I make the final decision.  I'm the boss, applesauce.