In 2008 the festival and the comedians promised to lift the nation's spirits.
In Ireland we've always been able to smile in the face of adversity but now that the Celtic Tiger's dead, what exactly is there to laugh about?
Comedians Jason Byrne and PJ Gallagher explain what the Carlsberg Comedy Carnival at the Iveagh Gardens is all about.
The four-day event will take place across four marquees in the Iveagh Gardens.
Organiser and promoter Bren Berry describes the effort that has gone into making this a special event.
An RTÉ News report broadcast on 24 July 2008. The reporter is Tadhg Enright.