Update: Colbert is huge!

***Youtube is being squashed by our lovely congloms, and was forced to take down the Colbert speech; however we found another copy here.***

How did he make it into the White House Correspondents' Dinner? The speech is broken up into three parts below. It is hilarious and uncomfortable all at the same time.

Update: Time Magazine recently named Colbert as one of the TIME 100: The People Who Shape Our World. The list includes a handful of do-gooders in the entertainment, science, and political spheres. Read the article here.