Individuals from all walks of life are among the nominees for Time's 2012 "Person of the Year."

On Tuesday, the magazine announced the 38 people in the running for the annual honor. The winner will grace the cover of Time and join past winners such as last year's "The Protester," Mark Zuckerberg, Ben Bernanke, Barack Obama, Vladimir Putin, and, of course, 2006's "You."

Though the two appear to be besties on camera, Stephen Colbert admits he's still a bit starstruck when he's around Jon Stewart.

In an interview with Playboy, the 48-year-old satirist admits, "I would say the thing that has kept me from being as good a friend to Jon as I would like is just that I'm such a fan. I am gobsmacked by his abilities."

Following the much-talked-about Presidential Debate between Mitt Romney and Barack Obama last week, Bill O’Reilly and Jon Stewart decided to have their own event this past weekend.

On Saturday night (October 6) the “Rumble in the Air-Conditioned Auditorium” came to Washington DC, and there were plenty of laughs and well-made points.