Stephen Colbert Shreds 'Scrotum Who Wished to Be a Real Boy' Bill O'Reilly Over Sexual Harassment

Over the weekend, The New York Times reported the former host settled after former Fox News legal analyst Lis Wiehl accused him of sending sexually explicit material -- including gay porn -- to her, as well as made allegations of "repeated harassment" and a "nonconsensual sexual relationship." He reportedly settled the claim in January with the multi-million dollar payout.

Addressing the "scrotum who wished to be a real boy," Colbert joked the massive settlement is "exactly the sort of thing you do when you're innocent."

The late-night host also pointed out that Wiehl would appear on "The O'Reilly Factor" for a segment called "Is It Legal?" -- "and the answer, for $32 million: No, it is not. Thank you for playing. Security will see you out."

Fox renewed their contract with O'Reilly after the settlement, signing him for another four years for $25 million each year. The network says they knew about the suit but not about the specifics or the amount of the settlement. His new contract said he could "be dismissed if the company was made aware of other allegations or if additional relevant information was obtained in a company investigation," and that's why he was eventually let go.

"He got a $25 million payout? What did Bill O'Reilly do to Bill O'Reilly?" joked Colbert.

"It's shocking that Fox News knew about all of these sexual harassment settlements and kept him employed for so long, but maybe they were just trying to protect their female employees," he continued. "Because if Bill's on camera that's one hour a day they knew he's not groping somebody."

After then calling him "Uncle Touch Too Much," Colbert continued to criticize Fox News for keeping him around as long as they did.

"It's like the old saying goes, 'Fool me once, shame on you. Fool me twice, some more shame. Fool me three times, you really gotta do a better job of fooling me,'" he said. "Four times, we're extending your contract. Five times, we wish best of luck to Bill in all his future endeavors, now enjoy the Tucker Carlson show.'"