"It doesn't fit into a genre," the comedian-turned-director told Colbert. "It sort of subverts the idea of genre.But it is the kind of movie that black people can laugh at, but white people, not so much."
Colbert chuckled, and said he laughed "a little bit" -- though it was hard to tell if he was referring to his guest's comment or while watching the movie.
"It's not until later in the movie that white people get freaked out, cause they're like, 'Oh my God, I think I've said that. I think I've said the thing that the villains are saying in this movie,'" Peele said.
When Colbert asked why Peele thinks the movie was just one percent short of a perfect Rotten Tomatoes score, he responded, "Racism."
"Racism actually has a column and reviews things, and is responsible for that one percent," Peele joked. "Look, I'm happy to get that humble 99 [percent]."
When Colbert specifically brought up the news of the movie being submitted to the Globes as a comedy, Peele stuck to his Twitter commentary.
"I submitted as a documentary," he said. "Here's the thing: the movie is truth. The thing that resonated with people is truth, so for me it's more of a historical biopic. The original title was 'Get Out: The Kanye West Story.'"