A $449.99 iPhone App For $1.99?

From time to time — OK, when I’m bored — I go through the TwitPic Public Timeline. It’s really fascinating.

Today I came across this:

There’s a “funny videos” app for iPhone that costs $449?? What the hell?

So I went to iTunes, searched for “iFunny” and found this:

So, which is correct? And is the non-sale price really $449.99?

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