Kevin Federline Vows To Save The Penny

Kevin Federline, along with Virgin Records chairman Richard Branson and director Matthew Eggers have “united to reinvigorate the purpose of the penny in face of its possible legislative elimination.” The three will appeared in Times Square Wednesday and were among the first to “to sign the ‘Save the Penny’ petition to be presented to lawmakers in Washington D.C.” Kevin Federline now has a purpose, and it’s worth one cent.

“I’m here with Virgin Mobile to bring the power back to the penny! I feel good about the penny! I’m glad to give it back to these charities.”

Then he sent the first 1-cent text, claiming it went to “my wife.” Mugging for the cameras, Federline held up a penny and slipped it in the armored vehicle’s donation slot. Then K-Fed took a cigarette break, wiping his hand on his pants before doing a few television interviews.

“I just gave all my pennies to charity!” he bragged to one TV outlet. To another, he said: “A bunch of charities get these children off the streets – build a better life, build a better future, for these children.” And to another: “There’s thousands of kids out here that have nowhere to go.” He admitted to “Access Hollywood’s” Tim Vincent: “It’s my first time doing a charity.”

He still managed to give two dollars to the Naked Cowgirl on his way back to the hotel, after his limo had stopped to do a traffic accident. She had strolled up to the window, and K-fed gladly obliged.

K-Fed’s charity bares watching [Lowdown]