Private Eye Magazine celebrates its 50th anniversary this year and the Victoria and Albert Museum in London has dedicated a gallery to commemorate this very British phenomenon.

If you’ve never read Private Eye, check it out here. It’s British satire at its best, along with politics, humor, cartoons and real investigative journalism. I think of it as a more seasoned, more stately Mad Magazine.

Private Eye: The First 50 Years runs through January 8, 2012 at the Victoria and Albert Museum. Admission is free.