Anchorman epitomises what comedy is to me with regard to my reaction to it. It’s hysterical, but after about the third viewing I stopped laughing as much, and by time it got to the sixth time I had stopped laughing all together - I was amused, and I knew it was funny, but knowing every line and detail took the fun out of it for me. I have this problem with a lot of comedies; the only ones I can think of that I’ve gone back to and still enjoyed (to an extent) are the Naked Gun films, The Man With Two Brains, Anchorman and Shaun of the Dead. That would be why I the last time I saw this was about two years ago.
However, I couldn’t deny seeing it with a few friends when the film society I’m a part of proposed we watch it in conjunction with a drinking game. It turns out that good company, a few beers and a projector can make any comedy funnier. So I laughed a lot despite knowing the exact line that was about to come, and the manner in which it would be spoken. I still don’t find it as funny as I first did, but I respect it as being one of the funniest movies I have ever seen and hope that the sequel works out.