In one of the better "Slow Jam the News" segments ever on the Tonight Show, President Obama says good bye to the Presidency.

"There will be no third term. I can't stay forever. And besides, Daddy's got a wine vacation booked in about 223 days."

Watch the whole thing, guaranteed you'll laugh out loud.

Obama also wrote some thank you notes on the show. AND REALLY, if you watch NOTHING ELSE on this post, forward to 2:40 on this video. You will be SO glad you did:

Note: We covered a more serious part of Obama's appearance on Jimmy Fallon yesterday. More videos of Fallon and Obama are at The Tonight Show's YouTube page.