It all depends on a meeting this Saturday according to Variety. And of course, by “may know what to do,” we really mean go on strike. This will be the first such meeting when the previously dominant Hollywood faction of the Guild was in power, but have recently been replaced by the more New York dominant Unite For Strength Faction.

All of this is almost like–you know, some sort of movie!

The newly empowered moderates — who have been critical of aspects of the leadership’s handling of the contract negotiations — have been playing it close to the vest. It’s unclear whether SAG members would support a strike authorization amid the current economic crisis, particularly since such a vote would require 75% approval among those casting ballots.

Speculation’s emerged that rather than seek a strike authorization, the coalition may seek to revamp SAG’s negotiating committee, currently dominated by Membership First members, and remove SAG national exec director Doug Allen as chief negotiator. Taking such steps would show that SAG wants to make a serious run at closing a deal with the majors after a stalemate lasting more than three months.

Such a move could be difficult, however, since the coalition has a razor-thin one-vote edge on the 71-member board.

In the mean time, while the fates and jobs of thousands lie in the balance, amuse yourself like I do with the Dancing Mecha Robot Banana :