Late night host Jimmy Fallon on Tuesday ridiculed President TrumpDonald John TrumpBiden holds massive cash advantage over Trump ahead of Election Day Tax records show Trump maintains a Chinese bank account: NYT Trump plays video of Biden, Harris talking about fracking at Pennsylvania rally MORE ahead of his planned "Fake News Awards," offering an over-the-top take on what the ceremony might look like.

Fallon appeared on Tuesday's "Tonight Show" decked out in full-Trump attire and proceeded to dole out honors for categories ranging from "Fakest Cable News Network" to "Failing-est Newspaper."

"Welcome to the Fake News Awards, which are totally real, unlike the really fake news, which is fake and not real," Fallon said. "For real."

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The segment also included an "In Memoriam" video tribute to Trump's former aides and advisers who left the White House during his first year in office, including former press secretary Sean SpicerSean Michael SpicerSpicer mocks Pelosi claim of CNN being GOP 'apologists': 'Had no idea I had Wolf Blitzer in my pocket' Debate moderator Steve Scully says his Twitter account was hacked as president accuses him of being a 'Never Trumper' Shalala corrects Spicer on HIPAA: 'I should know, I wrote it' MORE, former chief strategist Stephen Bannon and former national security adviser Michael Flynn.

Trump announced last week that he would hold the so-called Fake News Awards on Wednesday, rather than the previously announced Jan. 8, saying that the "interest in, and importance of, these awards is far greater than anyone could have anticipated."

Fallon isn't the only late-night host to show interest in the awards. Both "Daily Show" host Trevor Noah and "Late Show" host Stephen Colbert have been openly campaigning for the "honor" of a trophy, including an Oscar-style "For Your Consideration" campaign.

Last November, after Trump first floated the idea of a "Fake News Trophy" on Twitter, the conservative-leaning Rasmussen Reports conducted a survey on who should win. Fox News came in first with 40 percent of the vote, followed by CNN with 25 percent.