Forget Hilary Duff and Faye Dunaway. Our money’s on Margaret Cho vs. Miley Cyrus for “Celebrity Feud Of The Week.”

Margaret is out for blood and lashing out at the Hannah Montana star over the controversial photo which featured the teen slanting her eyes in an alleged attempt to mock Asian people.

Miley later apologized, calling the racist gesture her way of “making a goofy face.”

Well…let’s just say Margaret didn’t find the goofiness very amusing, and she’s letting the world know in a new original song about Disney’s reigning teen queen.

Get her, girl!

“I am so upset by Miley Cyrus, I think it warrants a song,” the comedienne blogged on Wednesday.

The diddy, entitled “Oh Miley,” goes a little something like this:

Miley Cyrus made some chinky eyes
Standing behind an Asian guy
I don’t know if this should fly
As if there wasn’t enough to despise

All you have to do is pull at your face
To make your eyelids resemble our race
This kind of joke has no proper place
Miley Cyrus is a disgrace!

If Miley keeps pissing people off like this, she won’t make it to 20 in this business.

You can watch the first episode of Margaret Cho’s new reality series online. The Cho Show premieres this Thursday on VH1.

Watch Episode One of VH1’s The Cho Show

Comedienne Margaret Cho plugged the approaching series premiere of her VH1 unscripted series, The Cho Show, with a Wednesday morning appearance on The Wendy Williams Show.

The Cho Show “will follow the irrepressible Margaret Cho and her eccentric entourage as she fights to be herself in an industry that in the past wanted her to be something other than herself.”

The reality show marks a big return to TV for Margaret. The last time the chatty minx had her own television series was 1994’s starring role on the short-lived ABC sitcom All-American Girl. (I loved that show! Too bad it lasted only half a season.)

The Cho Show premieres August 21st on VH1.

VH1 Celebreality newcomer Magaret Cho hit Chelsea Handler’s Chelsea Lately on E! this week.