>>> the plan to raid osama bin laden 's compound was well in motion whene1 president obama took the stage at last year's white house correspondence dinner. only he knows what secrets may have been on his mind this year. he directed a couple of zingers. mike vaccaro has that story.
>> reporter: experts agree the coming campaign will be brutal. but before the nastiness, a little levity.
>> it's great to be here this evening in the vast, magnificent hilton ball room. or what mitt romney would call a little fixer-upper.
>> the occasion, the annual white house correspondents dinner .
>> we also both have degrees from harvard. and i have one, he has two. what a snob.
>> it's been said that washington is hollywood for ugly people. but for just one night each year, those two worlds collide . they call it the nerd program. the dinner is more of a major schmoozefest of glamour and glist, capped off been the dinner itself where the president's bully pulpit becomes a night at the improv.
>> i was in a brutal battle with hillary clinton . four years later, she won't stop drunk texting me from cartagena.
>> last night no one was spared.
>> i had a lot more material prepared, but i have to get the secret service home in time for their new curfew.
>> mitt romney wasn't there, but the president got as good as he gave.
>> there's terms for guys like president obama , probably not two terms, but --
>> this year, dogs were a theme. from ughy --
>> can we show the ad real quick?
>> to shamuss.
>> to join mitt romney in sending a message this november. i'm an american. and doggone it, i ride outside.
>> if the experts are right and the campaign does turn bitter, last night may have been the last chance for a good laugh. nbc news, the white house .
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