Did Alabains steal Bush's watch?
Stephen celebrates the 20th Anniversary of Ronald Regan's "tear down this wall" speech by "reenacting" it with world karate champion Igor Dyachenko.
Stephen talks with Tommy Chung over his disregard for the Paris Hilton coverage.

Another re-enactment of the tearing of the Berlin Wall with a watermelon.
Stephen introduces a new segment: "Colbert Platinum". Anyone earning less than $2 million dollars a year is asked to change the channel.

Stephen talks to video blogger Josh Wolf.

One last celebration: Mr. Dyachenko, tear me off a piece of that cake.