Breaking news! It looks like Tom Cruise buried the hatchet with Matt Lauer -- ET confirms that the actor good naturedly participated in a roast of the newsman at the Friars Club today in New York!

Cruise took the stage and hugged Lauer, and told the audience that he would do anything for his "good friend Matt." He then said he is the one person in the world who knows where Matt Lauer is (referring to the "Today" show "Where in the World is Matt Lauer" segments) and showed a slideshow with his and Lauer's heads superimposed on bodies in photos depicting activities like skiing and hiking.

Cruise said that he and Lauer are such good friends that they vacation together, and speak on the phone every day they don't see each other. He then ribbed Lauer, saying that while Cruise is an international star, Lauer has the same life day after day, always sitting on that same "Today" show couch.

He ended his speech by saying, "Lose my number you glib putz! Cruise out!"

In 2005, the two famously sparred over the topic of prescription psychotropic drugs on the "Today" show.