Jokes flew from both sides of the room during the annual Al Smith charity dinner at the Waldorf-Astoria in New York, Thursday night.
Both President Obama and Mitt Romney were present at the charity dinner, although there was a little hesitation inviting the president due to his beliefs on abortion.
Timothy Cardinal Dolan sat between the two candidates as they dined on poached lobster tail, rack of lamb with risotto and baby zucchini before taking turns at the podium to make jokes about each other and themselves.
President Obama joked that he had a "nice, long nap" during the first debate with Romney.
Romney came back and said it was nice to "finally relax and wear what Ann and I wear around the house."
The republican candidate also joked that his competitor, who wants to increase taxes on the wealthy, was probably looking at the crowd at the event and thinking, "So little time, so much to redistribute."
Romney also referred to the first presidential debate with Obama, when he mentioned cutting PBS.
"Big Bird didn't even see it coming," Romney joked. "And by the way, in the spirit of 'Sesame Street,' the President's remarks are brought to you tonight by the letter 'O' and the number 16 trillion."
At the podium, Obama warned the guests at the dinner to be aware of Clint Eastwood.
"Please take your seats. Otherwise, Clint Eastwood will yell at them," the President said.
He also made a slight joke about the wealthy, who were present at the charity event.
"Earlier today, I went shopping at some stores in midtown. I understand Gov. Romney went shopping FOR some stores in midtown," Obama joked.
The president also joked about himself when he said, "I wish I could use my middle name." His middle name is Hussein.
One of Romney's jokes stood out as he cracked on VP Joe Biden.
"I was actually hoping the President would bring Joe Biden along this evening because he will laugh at anything," Romney said.
Obama is the first sitting President to attend the charity since Ronald Reagan in 1984. The Daily News reported that 1,600-guests attended the event, raising a record $5 million to benefit Catholic charities.