Was bored last night at home and decided to create a campaign at 2am last night (Saturday). Made around 20 ads. All of them are still pending.
Does that mean these ads are going in for further review? Usually they approve pretty fast, but I've never created ads at 2am on a Saturday night before. LOL.
Being a newbie to all of this myself, I am guessing they do not approve ads on the weekend. Nor does POF, or TrafficJunky, from what I can tell.
they approve 24/7
You have a FB account?
How on earth did you obtain such?
Are you an individual or a corporation?
I'll believe corporations are people when I learn of them unable to obtain FB ad accts.
/sarc off
I have ads pending from saturday morning on 2 accounts and still pending...as of this writing its monday morning here. 
Sometimes they take ages, depends on where you sit in some arbitrary queue. Most of my ad approvals are near instant but I have had times where I'm waiting nearly 48 hours (especially on less aged accounts).
everytime they take more time, I get scared of whether my account is under review LoL 
From my past experience, when the ad takes long to get approved, I think it goes under "further review" by a different team.
strange it is but my ads are still pending....well over than 48 hours now.
Yup I was right, ads were disapproved. When they are pending for a long time, most of the time it goes under further review. They are probably "thinking" about it LOL
approvals are taking ages at the moment.
Had some ads approved and most disapproved 
all ads approved!! 
anyone notice fb disabling account randomly now? I had one setup wiht card added, created 2 dummy ads.. spent money and it was fine, then i created 4 new ads and it got banned right away.. Wasn't even cloaked.. Ideas?
I believe Facebook is catching on with the "dummy ads" What were the ads about? If you create dummy ads, you need to run them for a bit.
i did. I ran them for 3-4 days all legit campaigns for real companies. Then i logged back in and created 4 ads quick in sucession , all clean but not dirty and it was disabled..
Did this on 2 diff accounts and it happened on both, are they throttling how fast you can submit now?