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The sketch 'Undercover Karaoke' featured American musician Jewel as she disguised herself as a business woman and sang her own hits at a karaoke bar.
TV Guide reports that the site's co-founders, Hollywood star Will Ferrell and Anchorman director Adam McKay, will contribute to the project.
The original video has been viewed more than 3.3 million times on the Funny or Die site.
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