President Obama's 'celebrity status' reached perplexing new levels last night on comedian Jimmy Fallon's comedy show last night. After watching this sketch, I think it's fair to say that he has 'jumped the shark.'

Last night on the Jimmy Fallon show, Obama "slow jammed" with Fallon and his band about his plan to freeze interest rates for student loans, criticizing filibustering Republicans for blocking his plan.

But the president doesn't really "jam." Rather, he delivers a version of the stump speech he gave to students earlier that day.

Warning that the interest rates for student loans will 'double,' Obama said that "some hard working students would be paying about $1000 extra just to get their education."

"There are some in Congress disagree," Obama said, backed up with jazzy music. "They say that keeping the interest rate low isn't a way to help our students, they say that we should be doing everything we can to pay down the national debt, well, so long as it doesn't includes taxing billionaires."

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"But their position is that students just have to make that student rate increase work," Obama states. "Frankly, I don't buy it."

"The Barack-ness monster ain't buying it," Fallon croons.

"The GOP is steady saying no, no, no, they should find something new to do like Tim Tebow," sings a background singer.