Stephen Colbert was invited to give the commencement speech at Knox College in Ilinois. You can read about it here. It's funny in the way Colbert is funny, but without the visuals or the delivery.
However, the closing paragraph of the article made me chuckle:
"Stephen, Congratulations on being asked to speak at the 2006 Knox College Commencement. This is an enormous honor and on behalf of the people of Illinois, I'd like to welcome you to our state. As you know, I was invited to speak at Knox after my keynote address at the 2004 Democratic National Convention and subsequent election to the United States Senate. Your convention speech must also have gone really well to have been invited. It's weird that I didn't read about it somewhere."
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Ok, so you like insurance eh? But to your post, i thought that was weird too, until I found out that reporters have a code that no one will write a story about events and conversations that happen during the party. In fact, one person did and got into some trouble with his peers. That's why it wasn't in the mainstream media.