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"Obvious" Hoax Befalls Ferrell - E! Online
Will Ferrell is not a graduate of the "University of California." He is not the "sonn" of Hubert and Mary Ferrell. He was not born in July 1968, and if he had been, he wouldn't be 36 years old.

And, no, he is not dead.

As hoaxes go, Tuesday's press release which purported to announce a fatal paragliding accident involving Ferrell wasn't a terribly convincing one...