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The FN stands for Friday Night; MTV goes back to music

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“Music videos are making a comeback on MTV?” one may ask. And the legendary music channel is apparently replying, “Effin’ duh!”

Pete Wentz hosts this new show, FN MTV which stands for “Friday night MTV,” and is one crazy show. Its TRL meets a late night talk show, with an American Idol-style voting aspect. The first taping was last night and despite reports that the production would be taking longer than scheduled, things went smooth as hell.

The point of the show is to showcase videos, and music. Pete Wentz throws to videos, a panel of three "video experts" (including Travis McCoy from Gym Class Heroes) critiques the video premieres, artists from the premiering videos are there to chat with Pete, the studio audience votes on the videos with text messages, AND bands come in to perform live. All this on some huge bad-ass, circular set, with 3 huge TV screens, enough neon to start your own casino, and stands to the ceiling full of eager fans.

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Highlights from the show included Flo Rida’s new video, The Ting Ting’s new video, the Pussy Cat Doll’s new video, Panic at the Disco’s two live songs (Including jamming with Snoop on Gin and Juice) and of course Snoop’s new cowboy-themed video.

You can buy tickets to see the tapings here in Los Angeles, and next week's headline guest is Lil Wayne.

Be sure to check it out, you can catch the 1-hour show Friday nights at 8p.m. on MTV.

after the jump Buzznet's Breesays kindly granted permission of her video clips of Panic at the Disco's performances.

iPhone-photo by John Wayne Maioriello