The Daily Show's Jon Stewart gave this year's commencement address at his alma mater, the College of William and Mary. You can read the full transcript here.

Here are a few excerpts:

"So I know that the decisions that I made after college worked out. But at the time I didn’t know that they would. See college is not necessarily predictive of your future success. And it’s the kind of thing where the path that I chose obviously wouldn’t work for you. For one, you’re not very funny."

"I was not exceptional here, and am not now. I was mediocre here. And I’m not saying aim low. Not everybody can wander around in an alcoholic haze and then at 40 just, you know, decide to be president. You’ve got to really work hard to try to…I was actually referring to my father."