MEDIA
05/29/2010 05:12 am ET | Updated May 25, 2011

Shepard Smith MOCKS Bill O'Reilly? 'We'll Do It Live' (VIDEO)

Fox News hosts are used to being mocked by Comedy Central. Now Bill O'Reilly seems to be taking some friendly fire from Shepard Smith.

An intense outburst many years ago during O'Reilly's stint on 'Inside Edition' (warning, video contains NSFW expletives) turned into an internet meme, with all the bells and whistles. Or perhaps that's multiple t-shirts and punk albums. Regardless, his "We'll do it live!" cry was named one of the top 10 celebrity meltdowns by Time Magazine. It was also used by Smith to introduce O'Reilly on Monday. The moment was captured by Mediaite.

WATCH (WARNING: VIDEO CONTAINS NSFW EXPLETIVES):