Is this ART! What is ART? I love how Colbert made a mockery of this subject

I'm glad this point got brought up on television and out of all shows on "the Colbert report" now a days it seems that everyone is an artist.... but what is the real meaning of Art? I took Art Appreciation and not even my Art teacher was able to give us a clear definition... How can you judge art... and how can we separate what Art really is from Crap... well Colbert report made a mockery on Comedy Central about this subject... special appearance by Shepard Fairey and Frank Stella... just look at what Shepard has to say about his own piece about president Barrack Obama... you got to love how Fairey carries himself in a conversation... he is so sarcastic :)