Hot on the heels of 20 minutes of Swine Flu jokes—and thankfully no commercials for Mind of Mencia—the Decemberists took the stage at the Colbert Report last night. For the band's second visit to the show they performed a very dramatic take on "The Wanting Comes In Waves/Repaid," and chatted with the Colbert (that "sell out" quote is from his opening monologue) as well.

You can watch the entire episode right here.

End Hits: Daily Show? Colbert Report? We prefer the 1/2 Hour News Hour.