Last night on the Colbert Report, Stephen reminded us that if you "pick up any object in the US, there's a good chance it's butter." Apparently, this is not true in Norway, where butter prices have climbed as high as $740 a box thanks to a severe shortage.

The butter shortfall was caused by a surge in popularity for a high fat, low carb diet. Things have gotten so bad that one man was caught trying to smuggle 90 kilos of the spread over the border. The segment prompts Americans to count themselves lucky to live in a country with enough butter to support a product called I Can't Believe It's Not Butter.

Stephen's full report is below. Here's some more info on the Norwegian butter shortage.