Apparently all the journalists covering events in the White House get together once a year to hang out with the president. Stephen Colbert was one of the speakers, and he kicked ass. Totally.

There's a torrent of the Colbert performance, just under 30 minutes, and a torrent of the whole thing that I haven't seen yet, but according to the Washington Post it sounds like fun.

All from Jacques Distlers weblog, thanks.