It's been awhile since we've written about Stephen Colbert's super PAC -- the Comedy Central star's pointed (and Peabody Award-winning) critique of ridiculous, loophole-ridden campaign-finance laws in the form of an actual super PAC called Americans for a Better Tomorrow, Tomorrow. In January, Colbert's super PAC filed paperwork with the FEC indicating that it had raised more than $1 million. On last night's "The Colbert Report," he not only revealed that he's got nearly $800,000 left in the bank, but he's going to do something incredibly sneaky -- but perfectly legal -- with all that green.
The short video below (which includes a leftover sighting, from a previous segment, of Colbert's usual Karl Rove stand-in -- a canned ham with glasses on it) stars frequent guest Trevor Potter, Colbert's super PAC legal counsel and former chairman of the Federal Election Commission. If you don't already think the regulations (or lack thereof) surrounding Super PACs are insane, you will now.
Simon Dumenco is the "Media Guy" media columnist for Advertising Age. Follow him on Twitter @simondumenco.