The original photographer provided his orig. high res camera shots.
Here's one of the links via a thread on LGF. You can read more about it there. The original photographer has authenticated the picture as his orginial, unshopped pic, and provided two other shots from his camera taken in sequence that day. He's rather amazed at the determination of some folks to call the sign a photoshopped fake.
http://members.myactv.net/~lgf/zombie.html The pics are huge, so be warned about that. Scroll from top to bottom to view all three, and in particular take note of the third. It has it's own full-size link here:
http://www.extragigs.biz/clients/zombie/protest3.jpg He did not take the "second" pic at the top of the thread here (the one that parcially shows the face of the sign - holder as he marches with a crowd rather unconcerned about his sign. That pic was taken by someone else, and it appeared on a PROTEST site among other's documenting the san fran activities.
Two photographers, at least four pics, orig res on three, multiple angles.
The guy was really carrying the sign.
Yes, those pics are huge, but they show a lot. Like the guy's pencil lines, indentations and brush marks on what looks to be 1/2-inch foam core.
Yes, he appears to be "holding it funny" but if you can wait long enough for the bottom picture to load, you can see he's not holding the sign itself but sticks attacked to to back of the sign.
These pictures are so hi-res I can even tell he's wearing a woman's blouse (because of which side it buttons on). Yeesh.