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Watch Will Ferrell show Jimmy Fallon who wears the tight pants on “Late Night”

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A couple nights before his SNL hosting duties, Will Ferrell stopped by Late Night with Jimmy Fallon to engage in some typically silly banter with his old castmate and promote his new movie, The Campaign (treating fans to the exclusive premiere of the film's trailer in the process). But what really stole the show was Ferrell's absurdist, retro '60s dance number touting his tight pants.

Grooving to a jaunty, carnivalesque tune in a striped sweater, tight white jeans, white boots, and a Buster Brown mushroom cut, Ferrell sang, "Everybody's talkin' 'bout my tight pants, I got my tight pants — I got my tight pants on." And then, out of nowhere, Ferrell found his tight-pants hegemony threatened by the emergence on stage of Jimmy Fallon in a similar pair of leg-hugging slacks. And that's when things got serious.

Making it abundantly clear that his pretend town wasn't big enough for more than one pair of tight pants, Ferrell suddenly turned hostile, telling Fallon, in a voice dripping with menace:

"Now you listen to me, you sick son of a bitch! I don't know who you are or where you came from. But I'm the only one in this town that can wear tight pants. You got it? I will end you! Don't wake the snake! Hissssss!"

He then asked, like Tonto at a Benihana's, "You drinkin' my sake, kemosabe?" (Should be the catch phrase of 2012.)