Colbert Slams Donald Trump Debate Cancelation (VIDEO)

12/14/2011 12:00 pm ET | Updated Dec 14, 2011

Once again, Donald Trump has dropped out of something before he was even in it. After the real estate mogul and television hair-sonality announced that he was bowing out of the GOP debate he had planned to moderate, Stephen Colbert took to his show to provide some perspective.

I would be lying if I didn't say I saw this coming. Donald Trump is a friend, he's my best friend... that said, the guy's a boob. He looks like a tangelo had sex with an old dishrag. And I can say that, because I love this man.

Of course, now that Trump's debate is off, it's more important than ever for America to get behind Colbert's "South Carolina Serious, Classy Republican Debate." The host delivered even more enticing details about the planned event, including a network change. Check out the full clip above.