The phrase Hollywood values refers to the lack of morals and values in Hollywood culture, which are characterized by rampant drug use, extramarital sex, disease and death. A poll by MSNBC said that 60% of Americans agree that "Hollywood's values are not in line with the rest of America and that the quality of movies has dimished in recent years."
Hollywood values can include a disrespect for:
Political correctness, at least publicly, is a central part of Hollywood values.
- Heath Ledger, 28, found dead in his Manhattan apartment. "Prescription sleeping pills and anti-anxiety pills were found in bottles in Ledger's bedroom and bathroom, and police have speculated the death was caused by an accidental drug overdose." "Ledger died of an accidental overdose of painkillers, sleeping pills, anti-anxiety medication and other prescription drugs, the New York City medical examiner said Wednesday." 
- Anna Nicole Smith, 39, accidental overdose on prescription drugs
- River Phoenix, 23, a huge star until he died from an overdose cocaine and heroin.
- Brad Renfro, 25, became addicted to heroin and was found dead after a night of drinking.
- Kurt Cobain, 27, "turned to drugs and alcohol to help him cope," then committed suicide.
- John Belushi, 33, was a repeated drug abuser who ultimately died of a lethal injection of cocaine and heroin.
- Sid Vicious, 21, overdosed on heroin obtained from his mother.
- Jim Morrison, 27, died of an apparent heroin overdose
- Jimi Hendrix, 27, drank wine, took sleeping pills, and asphyxiated on his own vomit.
- Marilyn Monroe, 36, overdosed on sleeping pills
- Janis Joplin, 27, heroin overdose
- Lenny Bruce, 40, heroin overdose
- Chris Farley, 33, overdose of morphine and cocaine
- Brian Epstein, 32, overdosed on sleeping pills and alcohol
- Judy Garland, 47, overdosed on sleeping pills
- Elvis Presley, 42, large drug intake causes a cardiac arrhythmia
- John Bonham,32, after too much drinking, asphyxiated on vomit
- Margaux Hemingway, 42, suicide
Hollywood values often include stealing and committing other crimes. Here are some examples:
- Winona Ryder was convicted of convicted of vandalism and grand theft for stealing designer merchandise worth $5,560.40.
- O.J. Simpson is widely believed to have murdered his wife and her friend, and was found liable in a civil (but not criminal) trial. He has since been arrested again on an unrelated charge.
- Paris Hilton was convicted of driving while intoxicated, and then violated the terms of her probation, leading to a 45-day prison sentence.
- Mel Gibson hurled Antisemitic abuse at police officers after being arrested for drink-driving on a notoriously dangerous road.
Hollywood values often result in celebrities going into rehab. Here are some examples:
- Kirsten Dunst, checked into the Cirque Lodge treatment facility in Utah after a week of hard partying at the Sundance Film Festival. 
The following all checked into the above facility seeking treatment for various psychological problems:
- Paris Hilton sentenced to 45 days in jail, msnbc, May 4, 2007
- Mel Gibson rants against Jews in drink-drive arrest, Times Online, July 30, 2006
- Reports Say Kirsten Dunst in Rehab; Rep for Facility Denies It, Fox News, February 08, 2008