[Watch] Dave Matthews and Barack Obama Perform on Fallon

Last night on Late Night with Jimmy Fallon, those watching were met with surprise when the late night host paid a visit to the University of North Carolina at Chapel Hill. While there, Mr. Fallon met up with songwriter Dave Matthews and none other than the President of the United States, Barack Obama. What ensued was one of the most stand-out moments in recent late night history, as the President proceeded to "slow jam" the news, backed by Jimmy and The Roots. Student loan reform never sounded so good. Check it out above.

On the Dave Matthews side of things, the musician joined Fallon to perform the host's own past jam, "Dorms, Shower Baskets, and The Walk of Shame," following it up with the premiere of a brand new song from the Dave Matthews Band's forthcoming LP titled "Mercy." Check them both out after the jump.

"Dorms, Shower Baskets and The Walk of Shame":