Update: Stephen Colbert's Super PAC Joke Seven Months in the Making Pays Off with Presidential Punchline (Video)

Update: Full video of the Colbert Super PAC transfer below.

Tonight, Stephen Colbert had some big news to share with America: since he was announced to be polling ahead of presidential candidate Jon Huntsman in South Carolina, he had decided to form an exploratory committee to become president of the United States…of South Carolina.

There was only one hitch.
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Update: Stephen Colbert's Super PAC Joke Seven Months in the Making Pays Off with Presidential Punchline (Video)