Naturally, this is a time to look back on all he's accomplished over the past eight years.

You know, I was going to make a joke about this, but I --

[ Laughter ]

I don't think it needs a joke.

I think it needs to be slow jammed.

You know what I'm talking about, Tariq?

Yeah, Jimmy.

I think you're saying you'd like to slow jam this news.

That's right. I wanna slow jam the news.

And I'm not the only one.

[ Cheers and applause ]

Hello.

[ Laughter ]

I'm President Barack Obama,

and I, too, would like to slow jam this news.

Hit me eight times!

♪♪

It's been an honor and a privilege

to serve as your president over the past eight years.

When I first took office, our nation was facing

one of the worst recessions in its history.

Since then, we've added more than 14 million new jobs

and lowered the unemployment rate to under 5%.

Through the actions of my administration,

we were able to stimulate the economy

and get our country back on track.

Aww, yeah.

President Obama stimulated long-term growth.

[ Laughter ]

In both the public and the private sector.

In 2008, the country wasn't feeling in the mood.

It was too tired, stressed, said it had a headache.

But Barack lit some candles and got some silky satin sheets.

♪ Silky satin sheets now ♪

Told the American people, "Yes, we can."

♪ Yes, we can, it's all right ♪

♪ He created tons of jobs for you and me ♪

♪ And he's got one more left for Hillary ♪

[ Cheers and applause ]

As president, I'm proud

of the many progressive steps

our country has taken in recent years,

both socially and environmentally.

The United States has been a leader

in developing clean energy

to ensure the health of our planet for future generations.

Thanks to the Affordable Care Act,

an additional 20 million Americans

now have access to quality health care.

And same-sex couples across the country

now have a constitutional right to marry.

[ Cheers ]

In short,

climate change is real,

health care is affordable,

and love is love.

[ Cheers and applause ]

Mm, mm, mmm.

Commander in preach!

[ Laughter ]

You gotta listen to my man, Bareezus.

He's accomplished a lot in eight years.

Even when Congress tried to block him,

he found a way in through the back door.

[ Laughter ]

When Republicans... gave him lemons,

he made so much lemonade,

Beyoncé started calling him "Baracky with the good hair."

[ Cheers and applause ]

♪ Baracky with the good hair ♪

♪ His first two terms ended in such a hurry ♪

♪ Wish he could go for three like my man Steph Curry ♪

[ Cheers and applause ]

And now... there will be no third term.

I can't stay forever.

Besides, Daddy's got a Hawaiian vacation booked

in about...223 days.

[ Cheers and applause ]

But who's counting?

That being said,

the American people face an important decision this fall.

The entire world is watching,

and they look to us for stability and leadership.

Now, I know some of the presidential candidates

have been critical of my foreign policy.

I don't want to name any names.

♪ He's talking about Donald Trump ♪

[ Laughter ]

But I believe it is of the utmost importance

to work alongside other world leaders.

That's why I signed the Iran nuclear deal.

That's why we reopened diplomatic ties with Cuba.

And that's why I negotiated the new trade deal called

the Trans-Pacific Partnership, or TPP.

Now, hold on there, "Prez Dispenser."

[ Laughter ]

Are you saying you're down with TPP?

Yeah, you know me.

[ Laughter ]

[ Cheers and applause ]

Look, Jimmy, the TPP allows American businesses

to sell their products both at home and abroad.

The more we sell abroad,

the more higher-paying jobs we provide here at home.

It's that simple.

So -- So what you're saying is,

this trade deal will help put everyday Americans back to...

♪ Work, work, work, work, work, work ♪

♪ He put us back to work, work, work, work, work ♪

♪ He put us back to... ♪

♪ Work, work, work, work, work ♪

[ Laughter ]

[ Cheers and applause ]

Now, Mr. President, since you're here, I got to ask,

have you been watching all the election coverage this week about Donald Trump?

No, but I have been watching my new favorite show,

"Orange is Not the New Black."

[ Cheers and applause ]

Whoa, whoa, whoa.

I'm gonna need you to Netflix and chill.

[ Laughter ]

I get it if you're a little wound up after all this time.

I mean, I can't imagine what it'd be like

to do the same job for eight straight years.

Jimmy, you probably never will.

[ Laughter and applause ]

♪ Does Obamacare cover burns? ♪

♪♪

America's best days are still yet to come.

Thank you, Mr. President, for all that you've done.

♪ This country's on track, and that is a fact ♪

♪ Once you go Barack, you will never go back ♪

♪ Thank you for leading the red, white, and the blue ♪

And that is how we slow jam the news.

Oh, yeah.

Give it up for the President of the United States,

Barack Obama!

[ Cheers and applause ]

Double mic drop!

We'll be right back with more of "The Tonight Show!"

Come on, everybody!

[ Cheers and applause ]