Will Ferrell

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Not to be outdone, Will Ferrell advances Letterman’s creep factor one-up on Conan. Dressed in full Ron Burgundy costume, Farrell arrives on stage playing the flute. He says he is there to make a big announcement. His big news is that there will be a sequel to “Anchorman.” The audience was thrilled.

However, even Conan was grossed out by Ferrell’s own clarification on what he meant by a crude innuendo. It can’t be printed here, but if you want to witness the cringeworthy moment, watch the segment!