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VIDEO: Jay Leno Cracks Jokes At His Own Expense

Jan. 8 2010, Published 7:00 a.m. ET

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No doubt Jay Leno ruffled the feathers on the NBC peacock, joking early and often about his fate during Thursday's monologue, following a day of rumors the network was canceling his self-titled show.

"If we did get cancelled, it will give us time to do some traveling," Leno said. "I understand that Fox is beautiful this time of year."

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He also joked that “NBC only cancels you when you’re in first place,” referring to his Tonight Show ouster, and that NBC stands for “Never Believe your Contract.”

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NBC's late night future remained hazy Friday, as learned that network officials Thursday met with both Leno and his Tonight Show successor, Conan O' Brien, to determine the next step.

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Possibilities include: Leno's show being cancelled altogether; Leno's show going to 30 minutes at 11 p.m. EST, with Dateline, Law & Order and local news filling the 10 p.m. EST gap; or Leno taking back the Tonight Show from O' Brien, who would move into a later slot -- or leave.

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In any event, the current schedule has failed spectacularly, as NBC's 10 p.m. EST ratings are down 35 percent from a year ago with the abridged late night lineup.



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