President Bush meets Stephen Colbert's balls. I knew it'd be interesting, and I was right.
Crooks and Liars has partial video. It really has to be seen to be appreciated as a lot of it was in Colbert's pitch-perfect delivery.
Some commentaters at Huffington Post are pointing out that C-SPAN's pulled rebroadcasts of the event. Colbert, apparently, was a little too merciless regarding the news corps' complacency.
One gets the definite impression that those who booked Colbert for the event didn't have a clear understanding of his humour...