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Watch President Obama “Slow Jam the News” with Jimmy Fallon

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On Tuesday's Late Night with Jimmy Fallon, Bill Clinton's sax-playing on Arsenio became even more of a distant memory, as President Barack Obama made his Fallon debut a memorable one, participating in the recurring "Slow Jam the News" bit, as The Roots set the mood with their R&B vamp.

Obama taped the show at UNC-Chapel Hill as part of a three-state, three-university tour making the case for extending low (3.4%) interest rates on student loans. Mitt Romney's vanilla appearance on Jay Leno last month was made to look even sadder in retrospect, as the POTUS emerged from the drawn curtain to thunderous applause, announcing, "I'm President Barack Obama, and I, too, want to slow jam the news."

This time, though, we weren't treated to any Al Green-type crooning from the president (which was way overhyped anyway), only straight recitation. After Obama exhorted, "Now is not the time to make school more expensive for our young people," Fallon sweatily chimed in, saying:

"Awwww yeah. You should listen to the president. Or as I like to call him, the Preezy of the United Steezy. Things are heating up inside Congress' chambers, behind all those closed doors…The Pell Grant is a beautiful thing but, with college gettin' more expensive, is it enough by itself to satisfy all your collegiate needs? Aw, Pell no!"

The double entendres and wordplay continued, as the "Barack-ness monster" showed himself to be a good sport, with his eye on the all-important youth vote in November. Later, he would discuss the student-loan issue more in depth, reminisce about his own college days, and take questions from Twitter. If the election were to be decided by who was the better talk-show guest, there's no doubt that the guy who admits to watching Key & Peele on Comedy Central would win in a landslide.