Following the ArmadilloCon tradition, toastmaster K. D. Wentworth gave a humorous speech. She addressed the audience as a fourth grade schoolteacher, which she actually was for the most of her working life. She chastised SF fandom for forgetting their geeky, eccentric roots and becoming too mainstream. Then she and several other guests performed "The Fan Eye for a Mundane Guy" makeover (modeled after a then-popular television show "Queer Eye for a Straight Guy" on a guy they picked from the audience.
Note: My transcription of this speech is not completely accurate since I had to work off of a poor quality tape recording.
Pictures from ArmadilloCon 2004 can be found in my photo gallery.