Republican National Committee (RNC) Chairman Michael Steele said that President Obama's jokes Saturday night at his expense was just "good love between two brothers."

"Michael Steele is in the house tonight -- or, as he would say, 'In the heezey,'" Obama said in his speech Saturday night, poking fun at Steele's propensity for incorporating some slang into his message as RNC chairman.

"It was good love between two brothers," Steele told Politics Daily after the dinner. "I was surprised, but I appreciate the president giving me a shout out. I've given him a few over the years, so he just returned the favor."

Both Obama and Steele share the distinction of being the first African-Americans to hold their respective positions.

Steele said it was nice to see the president relax in the informal setting of the White House Correspondents' Dinner, and that the jokes were all in good fun.

"It was nice to get the ribbing. Look, anytime you're called out by the President of the United States is pretty cool, right?" Steele said. "Look, this worm will turn. My time will come -- trust me."

Watch a video of the Steele interview.