‘Not Yet’: Letterman Jokes with Colbert at Kennedy Center Honors

Last night’s Kennedy Center Honors ceremony gave host Stephen Colbert a chance to make his CBS debut. But it also gave David Letterman, who was on hand to introduce Tom Hanks, a chance to show his Late Show replacement that he isn’t going anywhere too fast.

When Letterman walked onto the stage, Colbert strode in behind him and stood awkwardly over his shoulder for a few seconds. Clearing his throat, Letterman said, succinctly, “Not yet.” He then proceeded to honor Hanks.

During the event, which was taped earlier this month in Washington, D.C., Colbert also took the opportunity to rib President Barack Obama just before he was set to appear on one of the final episodes of The Colbert Report.

“The most powerful and influential person in the world, Michelle Obama,” Colbert said. “There she is, looking radiant, on camera next to the president, which I assume means she has no future plans to run for office.”

“There are a lot of Democrats who don’t have that courage,” he added, drawing laughs from the president and first lady.

Watch video below, via CBS:

[Photo via screengrab]

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