VIDEO: Colbert launches first super PAC ad

Comedian Stephen Colbert's super PAC released its first ad, "Episode IV: A New Hope" paid for by Americans for a Better Tomorrow, Tomorrow.

The video takes aim at the money being spent to promote candiates before the Ames Straw Poll in Iowa.

Rather than support any of the declared Republican candidates -- or Texas Gov. Rick Perry, who is expected to join the field -- Colbert asks voters to write-in Rick Parry. That's with an "A" for America and Iowa, the ad says.

Colbert lampooned the Citizens United v. FEC decision on his show since the Supreme Court struck down campaign finance laws and allowed corporations to spend unlimited amounts of money on behalf of candidates. 

Colbert's joke to form his own super PAC became a decision with real-life implications for campaign finance.

In June The Federal Election Commission ruled that Colbert could form his eponymous political action committee and use his show to promote it.

His satirical campaign to form a "super PAC" originally pleased campaign finance reform advocates because it brought attention to their cause. Howver, they became concerned that the joke would backfire.

Watch the video below.

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