12/08/2010 01:04 pm ET | Updated May 25, 2011

New York Chefs Take On $50 Bodega Challenge

Egads! You've got guests coming over tonight for a holiday soiree. Sure, a perfect cook would have browsed the green market well ahead of time, but you've been swamped -- and oops, you're broke! So, what do you do?

We challenged three celebrity chefs to whip up a holiday meal using just what's available at the local bodega. With a $50 budget, can they make an appetizer and an entree to feed six to eight guests? Feeling generous, we granted them the following four bonus pantry items: salt, pepper, butter and olive oil. Now, on to the Bodega Challenge!