The simple answer: no.
The site was established to give comedy stars like Will Ferrell and Ben Stiller a venue for web-friendly, subversive comedy.
Unfortunately, what it's now become is an outlet for outlying members of that comedy clique to post pet projects that only they find funny.
Worse yet, a backbone of the site at its establishment was the "funny" or "die" buttons, which allowed any user to instantly vote a video "up" or "down", curating the site by proxy.
But now, if a video has even the most tangential celebrity connection, it is ruled a "chosen one" and made immune to the opinions of the average viewer.
One of the most egregious examples is linked below, so unfunny it's physically painful.