Friends Chris Rock and David Spade joined members of Farley's family at the unveiling.
The heavyweight comic's Tommy Boy co-star Spade said, "I think it's sweet that everyone still has a really nice place in their heart for him and still remember him. (He) goes down as one of the greats and I still think about him every day."
Rock joked, "I think every fat comedian owes him 80 bucks."
Farley, who was credited as being the most talented comedian of his generation, died in 1997 of an accidental drug overdose.
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