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1.
The food combination of a whip cream sandwiched between two crispy Pringle chips.
Hey Zach wanna go to Walgreens to get stuff to make The Colbert.
by Artemus, Ren March 30, 2010
 
2.
A sex position in which Stephen Colbert has sex with your wife, mother, sister, and/or daughter. And you watch and he teaches you how to be the most manly man, in bed, of all time.
When I got married I did The Colbert.

I did The Colbert last night!

Teenagers are obsessed with The Colbert.
by Jedidiah States April 12, 2008