This show is for a uniquely strange individual with a unusual sleep cycle.
2 AM is not the time for a typical show. It is also not the time for a typical news show, but this group is not typical. This is more like a very inebriated frat party with news on the mind and bad jokes on the back burner.
Only at this absurd hour could these topics and jokes survive. We must wonder what is going on at Fox. Did this nuts just slip in and take over a studio in the middle of the night? Is that really alcohol on the take? One expects the pizza guy to come in as they slip into "The War On Strippers" discussion. One expects a Fox Exec. to come running in any second to pull the cord.
I find this a guilty pleasure to watch. If you are all alone and up one night, tune in for an instant news party, but bring your own pizza.