James Franco Admits He’s Playing a Character Named ‘James Franco’

Okay, then. It's settled. James Franco is a fraud. Sure, he was joking when he admitted it on 'The Colbert Report,' but ... was he?

Also, Stephen Colbert is probably unbeatable in a challenge of Tolkein trivia. Bonus: game of "Marry, Hit That, Throw a Pail of Water on Her." Another brilliant interview from Stephen Colbert.