Karate Kid 48 [slightly NSFW] Updated

With the new Karate Kid re-make coming out, it raises the question of what happened to the old one, what happened to Ralph Macchio?
The answer is not pretty:

Wax On, F*ck Off with Ralph Macchio from Ralph Macchio

Ok, so this video demonstrates that Ralph has a sense of humor.  But we knew that with his appearance in this video:

But, you know, this is a pretty striking indictment of Hollywood: that only bad boys get comebacks, like Mickey Rourke and Robert Downey, Jr.  The good guys just fade away.  Or perhaps this is Ralph having a public pity party?  I prefer to think that he is doing fine (what a nice family he has), perhaps because I definitely empathized with his character long ago.  Plus he got to date Elisabeth Shue, fictionally anyway.

UPDATED: See this interview with Macchio for his account of the video.