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NOT the "creation of a third party" but rather the DISSOLUTION of one of the OTHER PARTIES.
YEAH BABY! That's what I'm talkin' about!
The Gone Old Party

Gimme the Whigs, Gimme the Tories, Gimme the Bull Moose Party! Just gimme the heads of the Republican Party on a Platter!
Until one or the other is dragged down nothing new can emerge.

Come writers and critics
Who prophesize with your pen
And keep your eyes wide
The chance won't come again
And don't speak too soon
For the wheel's still in spin
And there's no tellin' who
That it's namin'.
For the loser now
Will be later to win
For the times they are a-changin'.

Come senators, congressmen
Please heed the call
Don't stand in the doorway
Don't block up the hall
For he that gets hurt
Will be he who has stalled
There's a battle outside
And it is ragin'.
It'll soon shake your windows
And rattle your walls
For the times they are a-changin'.

Good coffee, good weed, and time on my hands...