I wish I was better at doing this

Watch here, as Craig Ferguson tells a really lousy joke that he doesn't even get, then gets meta. The first time I saw this comedy technique done really well is when "Late Night with David Letterman" had one of Bruce Hornsby's band sit in with Paul and Dave says, "Yes, we have one of Bruce Hornsby's Rangers, I guess that makes him.. oh never mind."

I think I was 14 (up late) and I still think its funny now, 20 years later.

That said, Craigers has great googley moogely eyes, which helps.