04/25/2012 12:43 pm ET

Jimmy Fallon Performs 'Walk Of Shame' With Dave Matthews At University of North Carolina

Comedian and "Late Night" host Jimmy Fallon took his show to the University of North Carolina at Chapel Hill on Tuesday night to catch President Obama after he addressed students there.

Before Obama and Fallon talked student loans, Fallon brought out Dave Matthews -- a college student favorite -- to perform a campus-themed song with The Roots for a crowd of UNC students.

They performed "Walk of Shame," a tune about the "college right of passage" of drinking too much, staying over at the dorm of someone special, and heading back home the next day a little embarrassed, a little disoriented and a little disheveled. Fallon mentions seeing people he knows on campus, and pretending he doesn't know them before grabbing some Tic-Tacs.

As Fallon put it, "it happens to the best of us."