Speaking as someone who watches a lot of late-night comedy shows and reads a lot of econometric studies, those interests rarely align. But apparently Kenneth Rogoff and Carmen Reinhart's Excel bloopers were funny enough for "The Colbert Report" to stand up and take notice.
What's more, Colbert invited Thomas Herndon, the University of Massachusetts-Amherst economics grad student who first noticed the error, onto the show to explain the situation.
Of course, we at Wonkblog have been on this for a while. Brad addressed the Excel error here, Neil and I addressed the causality issues here, here and here (all written before Herndon's discovery), Neil addressed what the hubbub means for macroeconomics as a field here, and Mike Konczal looked at other cases of austerity advocates using bad data here.