Fallon weighs the pros and cons of graduating college. It's a big transitional time in one's life, and you obviously have to take the good with the bad. But Fallon's jokes about college life aren't even the funniest part of the segment. You'll definitely find yourself laughing the hardest when Fallon breaks out his Gary Busey impression.
P.S. We don't know if Busey has ever spoken at a college graduation, but we would sit through any kind of boring ceremony if Fallon's Busey impression was giving the speeches. Watch for yourself and see what we mean.