The former host appeared as a guest on the talk show Monday evening, and in line with tradition, Jimmy Fallon let his predecessor tag in for a few monologue jokes.
Leno’s targets of choice? The presidential nominees — because who else?
“Hillary Clinton got quite a scare tonight: A trick-or-treater came to the door dressed as a lie detector!” quipped Leno, 66. “I tell you, that Donald Trump, he’s a smart businessman. When kids rang his bell and yelled ‘Trick or treat,’ Trump yelled ‘Trick!’ and before the kids could grab any candy, he declared bankruptcy.”
“This is why I’m optimistic,” he continued. “Out of more than 325 million Americans, we were able to narrow it down to the two best-loved, most qualified people. I mean, that’s unbelievable! That’s a testament to us.”
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Leno also took a moment to poke fun at Billy Bush, who was recently let go from his position at the Today show following the leak of a 2005 tape which exposed then-Access Hollywood host Bush and Trump making lewd and graphic comments about women filming a segment for the entertainment program.
“I had a great costume this year: Earlier tonight, I put a douche bag on my head and I was Billy Bush,” said Leno. “As you know, Billy Bush got fired for the outrageous things he and Donald Trump said about women. See, I think Trump should hire Billy. This way, he can grab Bush whenever he wanted.”
“President Obama was at a big fundraising dinner in Beverly Hills last week,” said Leno. “People paid $100,000 a plate to hear the president talk about income inequality!”
The comedian then launched into his traditional speed round of “the economy’s so bad” jokes.
The economy’s so bad, “Forbes came out with a list of the 400 richest Americans, and 200 of them have moved back in with their parents,” joked Leno. “In Beverly Hills, I saw a woman tanning using the sun! … In L.A., women are marrying guys for love.”
Fallon jumped in to add a few of his own one-liners.
“The economy’s so bad Anthony Weiner is faxing people photos,” Fallon said. “Instead of paying for heat, people are huddling around exploding Samsung phones just for the warmth.”
The Tonight Show Starring Jimmy Fallon airs weeknights (11:35 p.m. ET) on NBC.