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

I wasn’t necessarily a fan of
Her, her dad, or Hannah Montana
I tend to prefer the songs of Rihanna
Racism against Asians is simply bananas!

Oh Miley!
Chinky eyes make you look wily
prejudice isn’t thought of so highly
it doesn’t make us all smiley

Why is there nothing that Asians can do?
To make fun of other races as easily as you
Why isn’t racism against Asians taboo?
Why are we always so racially screwed!

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.