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On Best of Late Night, Stephen Colbert explains the mysterious Bunga Bunga Party, and it’s not another Tea Party offshoot as I’d thought. In fact, you’re unlikely to know about it first-hand unless you’re on the Italian Prime Minister’s speed dial. The dreadful ‘humor’ of CPAC gets a well-deserved lampooning from Jon Stewart, and David Letterman can’t help but poke fun at the IBM computer contestant on "Jeopardy."