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Lateral Thinking #19- Fair Share -

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Puzzle Image
Five boys order a pizza together. When it arrives, they notice that it has not been cut.

Using nothing more than a knife (and ignoring the distribution of the pizza toppings), how can they go about cutting and distributing the pizza such that each of them is satisfied that he has received at least 1/5 of the pizza?
Do you have a suggestion for this puzzle (e.g. something that should be mentioned/clarified in the question or solution, bug, typo, etc.)?