"My show is going to be a star-studded evening because I am a star and a stud, but of course the highlight is that I lined up one of my favorite '90s alternative bands The Presidents of the United States of America to play their hit song 'Peaches,'" Colbert announced on Report Thursday night. "Unfortunately, there was a bit of the mix-up and I did not book the band. I booked the actual President of the United States of America."
"I cannot overstate how huge this is. The size of the hugeness: large," Colbert continued. "I am so honored to be sitting down with the man who sat down with Bill O'Reilly."
The episode, which Colbert has dubbed "Stephen Colbert Presents: Mr. Colbert Goes to Washington, D.C. Ya Later, Legistlator: Partisan Is Such Sweet Sorrow: A Colbert Victory Lap '014," will broadcast from George Washington University.
This will be Obama's third appearance on the late-night show, which ends its run on Dec. 18. Colbert takes over The Late Show next year.