Stephen Colbert Hilariously 'Interviews' Ryan Lochte -- Watch!


Seeing as how the chances of Ryan Lochte coming clean to Stephen Colbert about his gas station incident in Rio de Janeiro seem highly unlikely, the Late Show host did the next best thing.

By way of a little fancy editing, Colbert inserted himself into Lochte's much talked-about sit-down with NBC's Matt Lauer. In the original interview, which aired Saturday, the Olympic gold medalist admitted that when he claimed a gun was cocked and put to his forehead, he "over-exaggerated that part."

WATCH: Speedo and Ralph Lauren Drop Ryan Lochte Sponsorships

In Colbert's heavily edited clip, the comedian points out "that part is really the whole part."

"Without a gun cocked at your forehead, it's really just a story about some guys urinating on a gas station," Colbert says. "How could you get that so wrong?"

"I was intoxicated," Lochte "replies" in the video.

As late-night shows continue to mine comedy out of the situation, it's no laughing matter for sponsors.

When the story went from Lochte being allegedly pulled over and robbed at gunpoint by men posing as police officers to a story about paying for damage done to a gas station, both Speedo USA and Ralph Lauren announced they were dropping sponsorships with the 32-year-old swimmer.

WATCH: Ryan Lochte Calls His Behavior in Rio 'Immature' Amid Robbery Scandal

While Lochte has not said he lied, he assured Lauer he is "taking full responsibility," calling his behavior "immature."

"We just wanted to get out of there. We were held... I mean, there was a gun pointed in our direction. We were all frightened, and we wanted to get out of there as quick as possible," Lochte stated. "And the only way we knew is this guy saying, 'You have to give him money.' So we gave him money, and we got out."