I love this day because the 112 year tradition devoted to it is 100% insane.
So, for those of us concerned with such matters, it seems that Punxsutawney Phil (groundhog) saw his shadow this morning in Gobbler's Knob, PA, which means there will be 6 more weeks of winter. Darn.
Video of Phil here: http://www.youtube.com/watch?v=YQ4aK9GIsTA
More information on this fucked-up subject here: http://en.wikipedia.org/wiki/Groundhog_Day