Stephen Colbert analyzed a story going under the radar Tuesday evening, in which a horse co-owned by Republican presidential candidate Mitt Romney's wife Ann is could be going to the Olympics after placing third in the national trials.

"Though one will imagine it will be a long drive to London on top of their station wagon," Colbert said, while showing a cartoon picture of the horse on top of the Romney's car in similar fashion to the well known story of their dog Seamus riding on their car's roof.

WATCH: Video from Comedy Central, which was broadcast June 12, 2012.