Ladies and gentlemen, meet your new Tonight Show host, Jimmy Fallon. Fallon’s first ever Tonight broadcast, live from New York, finally happened, capping off months of promotion. Now it’s time for a rundown.

Fallon’s opening monologue was full of nostalgic reminiscence, peppered with the occasional self-deprecating joke here and there. "This is the first Tonight Show broadcast from New York in over 40 years. I'm Jimmy Fallon and I'll be your host...for now," he quipped. Fallon even took a moment to introduce himself “for those watching for the first time.” "I'm 39 years old, I live in New York City with my beautiful wife Nancy and my six-month old daughter Winnie. I love her so much. She's the best thing that ever happened to me," he gushed.

Jimmy Fallon, Primetime Emmy Awards
Fallon worked it as the new host.

And of course, the monologue could not go by without a joke at Conan O’Brien’s expense. “Of course I wouldn’t be here tonight if it weren’t for previous hosts, so I wanna say “thank you” to Steve Allen, Jack Paar, Johnny Carson, Jay Leno, Conan O’Brien and Jay Leno,” Fallon deadpanned, referencing Conan’s short lived stint on Tonight, before Leno was reinstated. The new host also made some grand promises.

About his opening monologue, he said: “I’ll make fun of everybody.”

Oh, and remember how we said there would be dancing? Nailed it. In one bit, Fallon was joined by Will Smith. Donning a pair of overalls, the two reenacted the infamous Evolution of Dance video, only with hip hop moves like The I’m About To Breakdance or The Leg Thing No One Can Do, The Dougie and of course, The Twerk (performed by Fallon on his own, after Smith refused to stoop so low.)

But don’t think there was no political humor either. The Sochi Olympics might be low hanging fruit, but Fallon made the jokes work anyway. "And even though the Americans are doing well, Vladimir Putin made a surprise visit to the U.S. Olympic headquarters, and even asked to have a drink with some of the American athletes," Fallon revealed. "Of course the athletes were like, (suspicious) 'You first.'"

The whole show seemed written with one purpose – letting viewers know that this was the new and improved Tonight. So, what did you think?

When Jimmy wins a bet, he wins big. Check out the clip below.