Wednesday night on "The Colbert Report," host Stephen Colbert joined many other conservatives in parsing the moment in Tuesday night's presidential debate when former Gov. Mitt Romney (R-MA) zeroed in on a supposed misstatement by President Barack Obama, only to be corrected by debate moderator Candy Crowley.

"Romney and his running mate," Colbert said, flashing an image of Romney next to the Fox News logo, "have been hammering the president over this cover-up for weeks.  Americans are asking, 'What did the president know?  When did the president know it?  Which one is Libya?'"

"Last night, Mitt had Obama in his sights!" he said, rolling clip of the exchange between Romney and Obama about whether or not the president called the Benghazi attack an act of terror in a Rose Garden speech at the White House on September 12, the day after the attack.

After Obama told Romney that his marks were "offensive" and "not what we do," the camera cut back to Colbert, who spit and handful of fake teeth on to the desk like a prize-fighter with a shattered jaw.

"Okay, okay," he conceded, "the president landed a punch, but then Romney hit him with the question that changed everything," i.e., whether or not Obama used to work "terror" in his Rose Garden speech, which the president deflected and suggested that Romney look at the transcript.

"No, no, Jimmy, no!" said Colbert, calling out to his producer.  "It was supposed to change things THE OTHER WAY!"

Watch the clip, embedded via Comedy Central, below: