The Mother of All Waivers

I'm not a huge TV watcher, so I just heard about the new CBS reality show, "Kid Nation," a few weeks ago.  The show features several dozen children who must fend for themselves for forty days while living in an abandoned New Mexico town.   After watching the preview, it sounds like CBS is trying to pitch the show as a very lengthy and elaborate civics lesson (note the earnest voiceover on the show's website announcing that "forty new pioneers will try to fix their forefathers' mistakes and build a town that works"), but it sounds a bit too much like Lord of the Flies to me.  So why is this legal news?  Because of the waiver that  parents of participating children must sign.  TortsProf Blog called it a "heck of a waiver," but after a quick scan of all 22 single-spaced pages over at The Smoking Gun, I'd classify it as the mother of all waivers.