Funny or Die is an Emmy-winning comedy video website founded by Will Ferrell and Adam McKay's production company, Gary Sanchez Productions, with original and user-generated content. Funny or Die contains exclusive material from a number of famous contributors (e.g. Judd Apatow, James Franco) and also has its own Funny or Die Team, which creates original material for the site.
Many clips on the site feature well-known actors (examples include Steve Carell, Charlie Sheen, Ryan Gosling, Patrick Stewart, Daniel Radcliffe, Mila Kunis, Hilary Duff, Adam West, Jim Carrey, and Selena Gomez). Michael Kvamme, an aspiring young comedian, came up with a concept for a new kind of comedy site and the site was developed by Randy Adams. Videos are voted on by users of the site; those that are deemed funny stay, but those that are not "die" and are relegated to the site's "crypt".
Four vampires - Viago, Vladislav, Deacon, and Petyr - share a flat in the Wellington suburb of Te Aro. Although Viago, Vladislav, and Deacon are all several centuries old, they have retained normal human appearances, but the 8,000-year-old Petyr resembles Count Orlok and acts more savagely than the younger vampires. Each night, Viago, Vladislav, and Deacon prowl the streets of Wellington searching for people to kill, but they must stay in the flat during the day to avoid sunlight—which is lethal to vampires—therefore they have not adapted to 21st-century life. Deacon has a human servant (familiar)—Jackie—who runs errands for the vampires, but she is frustrated that Deacon will not turn her into a vampire. Jackie leads her ex-boyfriend Nick to the vampire's flat so they can drink his blood: he escapes before they can kill him, but as he leaves the flat, Petyr attacks him and later turns Nick into a vampire.
Tim Heidecker and Eric Wareheim are two filmmakers who are given a record-setting $1 billion budget to make a movie. The funds are provided by Tommy Schlaaang and the Schlaaang Corporation. The two waste all of their money on the making of Bonjour, Diamond Jim, a three-minute film (based on a poem by "personal shopper and spiritual guru" Jim Joe Kelly (Zach Galifianakis) who they paid $500,000 a week), plus expensive makeovers, 10-course lunches, real diamonds for Diamond Jim's suit, and a Johnny Depp impersonator. Because of this, the two leave Los Angeles in fear that they will go to prison or be hunted down by the Schlaaang Corp.
The song The Ballad of G.I. Joe is sung as the video looks into the lives of various Joe characters when they are off duty, showing that their private lives are quite different from their 'Joe' personas.
In the film, Ferrell's character is harassed by his landlord for overdue rent money. The landlord is a two-year-old girl (played by McKay's daughter, Pearl) who dresses as a princess, swears at her tenant and is finally calmed by taking Will's beer.