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Watch: Stephen Colbert jabs Wake Forest football in address at school

Incoming "Late Show" host Stephen Colbert ripped Wake Forest's athletic programs during his commencement address at the school.

Incoming "Late Show" host Stephen Colbert ripped Wake Forest's football program during his commencement address at the school.

The Demon Deacons have been on a bit of a slide since the 2011 season, posting records of 6–7, 5–7, 4–8 and 3–9. The 2014 team was noteworthy for its lone ACC win coming in this game against Virginia Tech, which ended regulation in a 0–0 tie. 

"While Wake has been a trail blazer, this has been a school that respects tradition, traditions like rolling the quad with toilet paper after big wins," Colbert said.

"And this is actually an eco-friendly tradition because, looking at this season's win-loss record, you guys saved a lot of paper."

Check out the full commencement address below for additional, non-toilet-paper-related jokes.