When GOP presidential candidate Mitt Romney failed in his bid for the White House, Spicer lost a pre-Nov. 6 bet with Woodhouse on the outcome of the race.

Rather than have Spicer don the peach fuzz look alone, the political pair announced Monday that they have agreed to both give the chrome-dome style a try in order to stand in solidarity with cancer patients and raise money for charity. 

As part of the shave-off — which will be featured during the Nov. 25 broadcast of ABC’s “This Week” with George Stephanopoulos — Spicer and Woodhouse will compete to gather donations to support childhood cancer research and the work of the St. Baldrick’s Foundation.

Woodhouse tells ITK in an email, “Sean doesn’t have much to lose but this is kind of a big deal for me. You could mop a ship’s deck with my hair.” The DNC worker says while his wife is a “little curious” to see the end result, he’s not too concerned: “One thing we know about my hair — it’ll grow back (can’t speak for Sean’s). But really glad to pitch in for a great cause.”

UPDATE (5:00 p.m.): Spicer tells us in an email, "I am not sure the cold weather and holiday season was the best time to agree to this bet. But knowing that we are helping a great cause makes it worth it."