Conan Blows $4.8M on Parting Sketch

Conan O'brien upped the ante last night in his war with NBC, following his $1.5 million sketch Wednesday night with one he said cost $4.8 million. He spent that amount, he said, buying Mine That Bird, the 2009 Kentucky Derby winner, putting him in a horse-sized mink snuggie, and having him watching restricted NFL Superbowl footage. Conan gleefully called the escalating bits "not so much funny as they are crazy expensive."

Jay Leno finally admitted he will take back his old gig as the host of the Tonight Show and Conan officially announced tonight will be his last show. Watch the best clips from those two, plus David Letterman, Jimmy Kimmel, and Jon Stewart weighing in, in the gallery. For a few more touching moments, including Robin Williams almost bringing Conan to tears with a serenade, watch the full episode here. Even Jimmy Fallon got in on the action with a rare comment on the situation, E! reports. "If there's one thing I've learned from David Letterman and Conan," he said of the former Late Night hosts, "it's that hosting this show is a one-way ticket to not hosting the Tonight Show."
(More Jay Leno stories.)