Stephen Colbert Announces His ‘Hobbit’ Cameo, Does Some Foppish Dancing on ‘Letterman’

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Last night on Letterman, Stephen Colbert showed up dressed as a sockless dandy beggar (and undercover rich man, if you watched The Colbert Report) and announced his Where’s Waldo-like appearance in the new Hobbit movie, which comes out in theaters this Friday. Colbert didn’t give away his exact role or location in the film, but he did do his pointy ear pop trick again, which never gets old.