I am shocked and appalled that the "not a good plan" tag isn't linked. It seems like it's just about the most applicable tag to most videos on this site.
According to the time tags at the bottom of the video, that first cut skips 35 MINUTES(!!!!!) of fakery, but apparently he's just not going to own up to it, no matter what. You have to admire that kind of tenacity; there are people like Colbert and Sascha B. Kohen who can't keep their act up for that long.