"In the spirit of the Daytime Emmys, Ellen and I are here to announce we are officially ending our prank war," Lauer vowed.
As soon as the words came out of his mouth, the Today co-host's clothes were stripped off, and he was seen shirtless and wearing lingerie (think Magic Mike meets Fifty Shades of Grey). Ellen got him again!
"Matt has generously offered to donate $1,000 of his own money to charity any time one of y'all thank Matt Lauer in your speech tonight," DeGeneres explained as Lauer's digitally altered body jiggled about.
A total of 16 stars thanked Lauer throughout the night with ET's own Nancy O'Dell thanking him three times when Entertainment Tonight won for Outstanding Entertainment News Program.
"Wouldn't it be great if @TheEllenShow matched my donations to charity?" Lauer tweeted. "Let her know at #thankyouEllen! Pranks for giving!
The challenge was accepted after Lauer raised $16,000. "Matt asked me to match his donation, which I am not going to do," DeGeneres revealed on her Monday show. "I'm going to beat him and donate $16,001."