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WEC 38: Varner vs. Cerrone took place on January 25, 2009. The event aired live on the Versus Network.
WEC Lightweight Champion Jamie Varner took on number one contender and undefeated Donald Cerrone. Also featured on the card was a rematch between former WEC Featherweight Champion Urijah Faber and Jens Pulver.
Quick Hits for WEC 38
| Match | Winner | Loser | Method | Round | Time |
| 1 | Charlie Valencia | Seth Dikun | Decision (Unanimous) | 3 | 5:00 |
| 2 | Jesse Lennox | Blas Avena | KO (Knee and Punches) | 2 | 0:41 |
| 3 | Scott Jorgensen | Frank Gomez | Submission (Guillotine Choke) | 1 | 1:09 |
| 4 | Dominic Cruz | Ian McCall | Decision (Unanimous) | 3 | 5:00 |
| 5 | Edgar Garcia | Hiromitsu Miura | KO (Punches) | 1 | 1:18 |
| 6 | Benson Henderson | Anthony Njokuani | Submission (Guillotine Choke) | 2 | 0:42 |
| 7 | Jose Aldo | Rolando Perez | KO (Knee and Punches) | 1 | 4:15 |
| 8 | Danillo Villefort | Mike Campbell | TKO (Punches) | 1 | 3:53 |
| 9 | Urijah Faber | Jens Pulver | Submission (Guillotine Choke) | 1 | 1:34 |
| 10 | Jamie Varner | Donald Cerrone | Technical Decision (Split)* | 5 | 3:12 |
WEC starts the year right. This card was packed with action. If only they would show us more fights.