Is his new show going to be on CBS, or Silver Fox?

Ho ho ho, nation. (Getty)

Stephen Colbert has been out of the spotlight since his Comedy Central show wrapped up in December, and now we know why. He's been in seclusion while he cultivates a stately silver beard, waiting to blindside us all with the pure regality of it.

That moment came last night, at the 10th annual Oscar Wilde Awards in Santa Monica, CA. In a leather jacket and fleece pullover, Colbert looked like L.L. Bean himself. The 50-year-old comedian explained his new facial hair, telling The Daily Beast:

Sources: The Daily Beast | The Boston Globe