After being called a 'jerk' by Shani Davis late last year, Colbert takes to the ice with one goal: To prove that with only two hours of training he can beat the three world records holder at his own game.

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The race was not close, but the times were:

Colbert: 13 minutes 43.89 seconds
Davis: 35.24 seconds

It was a fun segment to watch and a celebration of what the Olympics are still about, competition of athleticism, not television viewership. Stephen was knighted Assistant Psychologist to the U.S. Speed Skatering Team thanks to his help in acquiring a 300,000 dollar donation, but that didn't stop him from making a fool of Dick Ebersol the NBC sports head in a what was surely a sign of solidarity toward his friend and peer Conan O'Brien.

The Colbert ReportMon - Thurs 11:30pm / 10:30c
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