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Obama exercises second-term privileges at WHCD

President Obama took the stage to DJ Khaled's "All I Do is Win" at Saturday's White House Correspondents' Dinner, kicking off the comedy with a little victory lap: "Rush Limbaugh warned you about this ... second term, baby," he said.

Conan O'Brien, speaking after the president, compared the media to high school cliques, mentioning Fox News, MSNBC, NPR ("kids with peanut allergies": a big laugh line), Al Jazeera, and then bloggers as goths and print media as the dead sophomore who gets a yearbook dedication.

But nearby Jack Rose Saloon was where the cool kids were creating a new category. BuzzFeed, the outlet shut out of the dinner, hosted a successful alternative party that packed two stories, boasted lines down the street (shown during C-SPAN's coverage of the main event) and impromptu dancing.

Even Obama gave them a shout-out: "I remember when BuzzFeed was just something I did at college around 2 a.m."