The world cried out in anguish (um, for real, I'm not being dramatic) when Picnik announced that it would be closing its doors in April. Someone has heard that cry and if you are frantically searching for an alternative to edit your photos, I think this post will make you very happy.
I played around with PhotoShop Elements. I toyed with the idea of Picasa. I checked out all the alternatives that people mentioned. But I just didn't like them. Praise the Lord for smart dudes.
The smart dudes that made Picnik so awesome have created PicMonkey. And it's awesome. It has many of the same features that Picnik has and they are adding more features daily. Collage has yet to appear, but I know they are taking many requests from users and this is a big one. The controls are so similar to Picnik's that you won't have a problem jumping right in. Seriously, go play around and I think you'll love it.
Then you can come back and high-five me and we can all take a big sigh of relief.