My rough reconstruction:
GRAAAH!
WAAAAH!
BLARGE!
*AHEM*, it looks like a major argument between two mods boiled over(in the mod room as well), then the actions to end that caused a cascade of reactions, somehow animated pony porn isn't pony porn, and Napoleon dove for a hole in the ground to get away from it all.
Which all sounds stupid as shit to me, but if you're one of the people emotionally involved in the arguments it's got to be pretty impressive. That said, as a result we're down a couple mods, I'm back as admin, and there are a few longer term changes that are in consideration.
Unless someone wishes to correct events involved, I'd appreciate not rehashing the entire incident in detail.