The show opens with a teaser of content from the show, which involves everything from Democrats taking back Congress to tonight's guest, Madeleine Albright.
Stephen starts off tonight's show by finishing his helium balloon, which has a funny effect on his voice. Stephen then gets into the news about NBC airing the last episode of its hit drama series The West Wing. Stephen says that since President Bartlett is the TV president, we owe him our TV loyalty. Stephen brings up the issue of presidential pardons. He wants President Bartlett to issue a pardon to The A-Team.
Moving on, Stephen turns his attention to President Putin of Russia. In a recent speech, President Putin had a few choice words for the United States. Vice President Cheney recently voiced his concerns about Russia's questionable democracy. Stephen thinks we're on the brink of a second cold war. President Putin is concerned about the low population boom in his country so he's offering cash grants to mothers upon birth of a second child, extended maternity leave benefits, and a graduated scale of cash and daycare subsidies. Stephen thinks Putin is growing an army. This is where Stephen comes in... he's announcing a limited edition, spring batch of Stephen Colbert's Formula 401, available only on the Russian market.
Stephen then moves on to the big energy crisis. The solution to the energy crisis is in tonight's edition of "The Word," which is "Fill 'Er Up." Stephen's energy crisis isn't the one in the news, but rather the problem with the Republican machine. It's out of gas, and the Democrats are in the lead according to most polls. He encourages Republicans to stop running away from the president and energize the base.
Back from commercial break, Stephen introduces this week's edition of "Tip of the Hat/Wag of the Finger." A wag of the finger goes to Huntsville High School in Alabama, where school officials suspended students who paid a homeless man to walk the halls with no pants on. A wag of the finger goes to the U.S. Mint, which announced pennies cost more than a penny to make. Stephen would rather get rid of all coins and return to a gold-based economy. Next, a wag of the finger goes to Jesus. He seems to have appeared in a rock in Mexico. Stephen's upset about the lack of detail in his portrait. Stephen then thinks Jesus may be testing his faith, so he gives him a tip of the hat.
Back from another commercial break, Stephen welcomes tonight's guest, Madeleine Albright. They have a good discussion on matters of religion, foreign policy, and even her origins and why she couldn't be president.
Tonight's show had several little segments, with my favorite being Stephen's announcement about the limited supply of Stephen Colbert's Formula 401. The interview with Madeleine Albright was a little longer than normal, but I think it warranted it. She's an important figure and certainly has a valued viewpoint on many issues.