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Stephen Colbert's Third Green Screen Challenge is the penultimate green screen challenge.
It was announced during The Shred Down segment of Stephen Colbert's Rock and Awe: Countdown to Guitarmageddon on the Decmber 20, 2006 edition of The Colbert Report.
In this challenge the heroes must incorporate footage of Stephen Colbert and The Decemberists' Chris Funk from The Shred Off into a shredtastic shredathon of shredosity so inshredible you will shred tears of joy.
This contest ends... one assumes.