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“COVER: Copping two 4s, and 3, and a 2 from a bunch of goddamn Commie judges from Bulgaria, this flawless Assisted Last-Minute Idea Executed from a Sitting Position (degree of difficulty of 10) still gets Warren Sattler, three-time American Artistic Association Felt-tip Pentathlon chapmion, a prestigious Steel Medal for the good old USA.”

The cover depicts an allegory showing a man labelled “National Lampoon” choosing the path marked “Good Taste” over a path marked “Bad Taste.” The “Good Taste” path leads to “Fun for the Whole Family,” “Harmless Joshing,” and “More Advertising.” The other path leads to “Pointless Attacks,” “Tearing Down Without Building Up,” and “Too Far.”

Contents (listing only)

Editorial, By P. J. O’Rourke; Cartoon by Warren Sattler

Letters, Uncredited; Illustration by Marvin Mattleson

Mrs. Agnew’s Diary, Uncredited [Doug Kenney]; Illustration by Marvin Mattleson

True Facts, Uncredited; Illustration by Marvin Mattleson

News on the March, Uncredited [Henry Beard]; Illustration by Marvin Mattleson, Photographs uncredited

Angels in Crewcuts, By Brian McConnachie; Illustration by Howard Darden

My Own Stamp Album, Written and illustrated by Bruce McCall

Garden Giggles, By Michael O’Donoghue; Illustrations by Alan Rose

Foto Funnies, Uncredited; Illustration by Marvin Mattleson; Photographs uncredited

The Young Adorables, By Gerald Sussman; Illustrations Thea Kliros

Another “True Life” Western Romance, Written and illustrated by M. K. Brown

Pharmacopoeia, By Chris Miller; Illustration by Lou Brooks

50 Nice Things About Nixon, By Anne Beatts; Photograph uncredited

National Inspirer, By Henry Beard and P. J. O’Rourke; Photographs and illustrations uncredited

The Happy Ending, Written and illustrated by Edward Gorey

Stuff to Make Playing With Your Food Even More Fun Than It Already Is, By Michael O’Donoghue; Illustrated by Mark Rubin and John Clarke

Funny Pages, Featuring “Nuts” by Gahan Wilson; “Trots and Bonnie” by Shary Flenniken; “Dirty Duck” by Bobby London; “Cheech Wizard” by Vaughn Bodé; “Famous Comic Artists School” by Bruce Cochran; “Mule’s Diner” by Stan Mack; “Idyl” by Jeff Jones; “The Aesop Brothers, Siamese Twins” by Rodrigues