This would be cool. Iggy gets his gold watch and a one-way bus back ticket to Harvard, and all LPoC Members--not just delegates to some booze and decadence soaked convention--get to choose his successor. Which will be a less exciting process than you might think, because nobody will apply for the job but Bob Rae.
Coalition Leader Layton ditches that silly "O Canada" for "In-A-Gadda_Da-Vida" or maybe, if he's old school, "Your Land Is My Land" by Woody Guthrie. And flat-bed trucks full of teamsters patrol the streets, distributing free beer.
Mind you, at the moment I am still predicting a larger Tory Minority. But a guy can dream.