Jay Leno is officially leaving The Tonight Show.
The rumors can be put to rest as Leno finally confirmed that he would officially be leaving The Tonight Show in 2014. NBC announced the predicted news on Wednesday (April 3).
The 62-year-old talk-show host will be replaced by funny man Jimmy Fallon who currently hosts Late Night.
"Congratulations Jimmy. I hope you're as lucky as me and hold on to the job until you're the old guy. If you need me, I'll be at the garage," Leno said.
Fallon would be filling Leno's 11:35 p.m. time slot, which is one hour earlier than his current show.
"I'm really excited to host a show that starts today instead of tomorrow," Fallon joked.
Leno took over The Tonight Show in 1992 from Johnny Carson when the show was at its prime.
It was previously questioned why the iconic host would retire when he is rated number one overall beating out other hosts like Jimmy Kimmel.
"We are purposefully making this change when Jay is #1, just as Jay replaced Johnny Carson when he was #1," Steve Burke, Chief Executive Officer of NBCUniversal said. "Jimmy Fallon is a unique talent and this is his time."
NBC hopes the former Saturday Night Live comedian will attract a new audience to the show acquiring the 18-49 demographic. It's not a surprise that NBC decided to replace Leno with the handsome and quirky TV personality.
Leno and Fallon even created a comeic skit about the rumors of the talk-show veteran leaving The Tonight Show prior to the confirmed announcement.
"Hey, kid. How you holding up?" Leno asked Fallon while looking at rumor headlines in the paper. They then burst out into their rendition of "Tonight" from West Side Story.
"Who cares who hosts tonight when they just watch online the next day," the duo sung.
Well, it's official! Fallon will be taking over for Leno in 2014. We just hope he knows he has a big chin shoe to fill.