Problem has been solved.
Dreamhost users: Here’s how it got fixed
Log in to FTP and create a new directory called “.php”
Inside .php create another directory named “5.3” or “5.4”, whichever version of PHP you’re using
Finally, create an empty text file named “phprc” (with no extension) and insert the following values:
upload_max_filesize = 64m
post_max_size = 64m
max_execution_time = 500
max_input_time = 500
memory_limit = 128M
Upload the phprc file to your 5.3 or 5.4 folder, then restart PHP. I didn’t use shell, so the way I did it was to select a different PHP version than I was currently using, then switching back which seemed to restart it just fine.