TODAY   |  February 08, 2014

Jimmy Fallon has last laugh on ‘Late Night’

As host Jimmy Fallon gears up for his new job on “The Tonight Show,” he wrapped up his tenure on “Late Night,” ending the hour singing with the Muppets. TODAY’s Jenna Wolfe reports.

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This content comes from Closed Captioning that was broadcast along with this program.

>>> and finally, a good-bye, but really a so long, and eventually, a hello, and then a welcome back. you got all of that, right? after five years in the host chair last night, jimmy fallon said farewell to late night . but on february 17th , he'll be back, taking over for jay leno on "the tonight show " at a new time slot .

>> this is it. it's our last episode of " late night ," and i'm really going to be miss being on tv at 12:37 . especially miss the battle for late-night ratings with my fierce rivals, craig ferguson and a veggie chopper infomercial.

>> i actually bought that veggie chopper infomercial. well, because i dvr'd it one time when i was watching "fallon." fallon ended the hour singing with the muppets, and with a symbolic exit from studio 6a, went 12 feet down to his new home, straight down