A reoccuring non-stop event which includes Bill Cosby sitting in the middle of a children's kindergarten room, surrounded in a circle by many famous and ridiculous celebrities such as Whoopie Goldberg, Kermit the Frog, and Bill Clinton. Festivities of this event include Eating Chocolate Pudding (Main cherished event), diving in big bowls of boweled pudding, and taking the official presidential poop in the giant bowl of pudding. The Cosby Circle is usually ended by a single vote from each member, eliminating one member from the group. Usually Bill Clinton but he always manages to come back. Little bastard. The terminated member has to give up their pudding to Bill Cosby while Cosby sings the official goodbye song, "Zip Zap, going down the mountain the mountain made of the yummy PUDDING" Bill Cosby now eats Bill Clintons pudding and The Cosby Circle goes quiet.
Marcus: Hey man, you going to The Cosby Circle tonight? I heard the giant bowl of pudding will be there and Bill's going to jump into it!
Jace: Zip Zap! PUDDING! Yes I am, blagarrrghhh PUDDING!
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