He told host Stephen Colbert: "You've taken plenty of shots at my job; I'm going to take a shot at yours."

Obama read the prompter for Colbert's "The Word" segment (which Obama changed to "The Decree") while jokes appeared on screen next to him.

Obama joked mostly about Obamacare, his signature healthcare reform that has been a major point of contention during his two terms as president.

Check out some of the jokes that popped up on screen as Obama was giving his "Decree":