According to TMZ, Anchorman star Fred Willard was arrested for lewd conduct last night in Hollywood, California.  The (78) year old actor made famous for his roles on "Everybody Loves Raymond" and on the big screen in "American Wedding",  was found inside an adult theater with his "private" parts exposed and in hand.  He was taken into custody around 8:45PM and according to the police report, released a short time later.

No other details or information were made available at this time.